B of A Securities Maintains Neutral on NIO, Raises Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Neutral rating on NIO (NYSE:NIO) while raising the price target from $5.9 to $6.
June 07, 2024 | 11:54 am
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B of A Securities has maintained a Neutral rating on NIO while raising the price target from $5.9 to $6. This suggests a slight positive outlook but not enough to change the overall rating.
The raised price target indicates a slightly improved outlook for NIO, which could lead to a minor positive impact on the stock price. However, the Neutral rating suggests that significant gains are not expected in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100