Morgan Stanley Maintains Overweight on NIO, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Tim Hsiao has maintained an Overweight rating on NIO Inc. (NYSE:NIO) but has lowered the price target from $13 to $10.
March 11, 2024 | 10:24 am
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Morgan Stanley has maintained an Overweight rating on NIO Inc. but lowered the price target from $13 to $10.
The reduction in the price target by Morgan Stanley, despite maintaining an Overweight rating, could lead to short-term negative sentiment among investors, potentially impacting NIO's stock price negatively.
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