NIO shares are trading higher after Macquarie upgraded the stock from Neutral to Outperform and announced a $6.6 price target.
Portfolio Pulse from Benzinga Newsdesk
NIO shares rise as Macquarie upgrades the stock from Neutral to Outperform, setting a price target of $6.6.
October 28, 2024 | 1:59 pm
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NIO shares are trading higher following an upgrade by Macquarie from Neutral to Outperform, with a new price target of $6.6.
The upgrade from Macquarie is likely to positively influence investor sentiment and drive short-term price appreciation for NIO, as analyst upgrades often lead to increased buying interest.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100