JP Morgan Upgrades NIO to Neutral, Raises Price Target to $5.4
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Nick Lai has upgraded NIO (NYSE:NIO) from Underweight to Neutral and raised the price target from $4.8 to $5.4.
May 15, 2024 | 4:22 pm
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JP Morgan analyst Nick Lai has upgraded NIO from Underweight to Neutral and raised the price target from $4.8 to $5.4.
The upgrade from Underweight to Neutral and the increase in price target from $4.8 to $5.4 by a reputable analyst at JP Morgan is likely to positively impact NIO's stock price in the short term as it reflects improved sentiment and confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100