JP Morgan Maintains Underweight on NIO, Lowers Price Target to $4.8
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Nick Lai has maintained an Underweight rating on NIO Inc. (NYSE:NIO) and reduced the price target from $5 to $4.8.
March 06, 2024 | 11:44 am
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JP Morgan analyst Nick Lai has maintained an Underweight rating on NIO Inc. and reduced the price target from $5 to $4.8.
The reduction in price target by JP Morgan, a major financial institution, suggests a bearish outlook on NIO's stock. This could lead to a negative short-term impact on the stock price as investors adjust their expectations based on this new analyst rating and price target.
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IMPORTANCE 90
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