Breaking News Instant updates and real-time market news.

NIO

NIO Inc.

$5.27

-0.19 (-3.48%)

05:22
04/04/19
04/04
05:22
04/04/19
05:22

NIO Inc. upgraded to Neutral from Underperform at BofA/Merrill

BofA/Merrill analyst Ming Hsun Lee upgraded NIO Inc. to Neutral from Underperform with a price target of $6.20. The shares, after declining 47% from the peak in early March, have now factored in the company's lowered sales volume growth, Lee tells investors in a research note. The analyst views NIO's current valuation as fair and expects its volume sales to grow sequentially in Q2 relative to Q1. The company just launched a six-seater ES8, which should gain some popularity from consumers, says Lee. Further, NIO is arranging more test-drive events in more cities, which the analyst believes should help orders improve.

NIO NIO Inc.
$5.27

-0.19 (-3.48%)

01/15/19
EGHT
01/15/19
INITIATION
EGHT
Sell
86 Research starts NIO Inc. with a Sell rating, $4.70 price target
86 Research analyst Robert Cowell initiated coverage of NIO Inc. (NIO) with a Sell rating and $4.70 price target, stating that the company offers "attractive" fully electric SUVs at "attractive" prices in China, but is "losing large sums of money by doing so." He has concerns that NIO's operations are not efficient enough and said it does not have the same potential to revolutionize EV manufacturing as Tesla (TSLA) does. Additionally, the company's price advantage for its SUVs over Tesla cars is reliant on government subsidies, noted Cowell.
03/06/19
BOFA
03/06/19
DOWNGRADE
Target $6.8
BOFA
Underperform
NIO Inc. downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill analyst Ming Hsun Lee downgraded NIO Inc. (NIO) to Underperform from Neutral and cut its price target to $6.80 from $8. Lee expects ES8's sales volume growth to be lower than his previous expectations and for increased incentives to reduce profitability following Tesla's (TLSA) recent price cuts in China and the upcoming cut in EV purchase subsidy in 2019. The analyst views NIO's valuation as "rich" and lowered his shipment forecasts below guidance for 2019/20.
03/07/19
GSCO
03/07/19
INITIATION
Target $10.7
GSCO
Buy
NIO Inc. reinstated with a Buy at Goldman Sachs
Goldman Sachs analyst Fei Fang reinstated NIO Inc with a Buy and $10.70 price target. Fang said shares have corrected following Q4 results and sees key drivers that include a light business model, successful premium segment branding, economically constrained competitors, and a large volume opportunity for the ES6.
04/04/19
SBSH
04/04/19
UPGRADE
Target $6.8
SBSH
Buy
NIO Inc. upgraded to Buy from Neutral at Citi
Citi analyst Jeff Chung upgraded NIO Inc. to Buy from Neutral while lowering his price target for the shares to $6.80 from $7.20.

TODAY'S FREE FLY STORIES

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.