Jefferies Maintains Hold on NIO, Lowers Price Target to $5.9
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Xiaoyi Lei maintains a Hold rating on NIO Inc. (NYSE:NIO) and lowers the price target from $8.3 to $5.9.
March 06, 2024 | 2:12 pm
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Jefferies analyst Xiaoyi Lei maintains a Hold rating on NIO Inc. and lowers the price target from $8.3 to $5.9.
The reduction in price target by Jefferies, a reputable financial services company, could lead to a negative short-term impact on NIO's stock price. Investors may view the lowered price target as a lack of confidence in the company's future performance, potentially leading to a decrease in stock price.
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IMPORTANCE 80
RELEVANCE 100