B of A Securities Maintains Neutral on NIO, Lowers Price Target to $5.9
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Neutral rating on NIO (NYSE:NIO) but has lowered the price target from $6.5 to $5.9.
May 28, 2024 | 10:55 am
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B of A Securities has maintained a Neutral rating on NIO and lowered the price target from $6.5 to $5.9, indicating a cautious outlook on the stock.
The lowered price target from $6.5 to $5.9 by B of A Securities suggests a less optimistic view on NIO's short-term performance, which could lead to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100