Citigroup Maintains Buy on NIO, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jeff Chung maintains a Buy rating on NIO but lowers the price target from $8.5 to $7.
September 05, 2024 | 12:14 am
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NEUTRAL IMPACT
Citigroup analyst Jeff Chung maintains a Buy rating on NIO, indicating confidence in the company's potential, but lowers the price target from $8.5 to $7, suggesting a more cautious outlook on its short-term performance.
The maintenance of a Buy rating suggests continued confidence in NIO's long-term potential. However, the lowered price target indicates a more cautious short-term outlook, possibly due to market conditions or company-specific factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100