B of A Securities Maintains Neutral on NIO, Raises Price Target to $5.3
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ming Hsun Lee maintains a Neutral rating on NIO and raises the price target from $5 to $5.3.
September 05, 2024 | 5:53 pm
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B of A Securities has maintained a Neutral rating on NIO, but increased the price target from $5 to $5.3, indicating a slight positive outlook.
The increase in price target from $5 to $5.3 suggests a slightly more positive outlook on NIO's stock, which could lead to a minor positive impact on the stock price. However, the Neutral rating indicates that the analyst does not expect significant outperformance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100