NIO (NIO) PT Lowered to $28 at Mizuho Securities
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Price: $4.52 +0.44%
Rating Summary:
19 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
19 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Mizuho Securities analyst Vijay Rakesh lowered the price target on NIO (NYSE: NIO) to $28.00 (from $34.00) while maintaining a Buy rating.
The analyst commented, "NIO C23E Deliveries Expected To Remain Strong Following Easing of Covid Measures in China. We expect NIO to have strong deliveries and product in C23E as China eases Covid measures and production ramps. We believe the expiration of the China subsidy 1/1/2023 is less of a headwind."
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