Bank of America lowers NIO price target from $7.50 to $6.50, while other analysts also adjust targets.

Bank of America has cut NIO's price target from $7.50 to $6.50, suggesting a potential upside of 11.30% from the current price. Other analysts have also issued reports on NIO; Jefferies lowered its target to $5.90, Mizuho cut its target to $15.00, Goldman Sachs set a neutral rating, and JPMorgan Chase lowered its target to $4.80. Barclays also reduced its price target from $8.00 to $5.00.

March 06, 2024
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