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Fly News Breaks for December 31, 2019
ZYNE, NRZ, BRBR, WVE, NIO
Dec 31, 2019 | 10:05 EDT
Catch up on today's top five analyst actions with this list compiled by The Fly: 1. NIO Inc. (NIO) upgraded to Neutral from Underperform at BofA with analyst Ming Hsun Lee saying the company's launch of a 100kWh battery pack will enhance the cruise range of the ES8 significantly and NIO also announced its third model, the EC6, which will be equipped with with dual motors. 2. Wave Life Sciences (WVE) downgraded to Market Perform from Outperform at SVB Leerink with analyst Mani Foroohar citing limited catalysts until second half of 2020. 3. BellRing Brands (BRBR) initiated with an Equal Weight at Consumer Edge. 4. New Residential (NRZ) initiated with a Buy at Argus. 5. Zynerba (ZYNE) assumed with a Buy at Roth Capital. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.