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NIO

NIO Inc.

$5.27

-0.19 (-3.48%)

07:48
04/04/19
04/04
07:48
04/04/19
07:48

Citi upgrades NIO to Buy after 47% selloff since March peak

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. BofA/Merrill this morning also upgraded the shares to Neutral from Underperform. Chung is in part making a valuation call with the shares down 47% since the early-March peak. He also expects a valuation "re-rate" of China's electric vehicle sector. NIO's Q1 shipments beat consensus and ES6 deliveries, which start in early June, should be faster than consensus expects, Chung tells investors in a research note. The analyst also believes NIO's customer base is less price sensitive due to its premium brand positioning. Share of NIO are up 14c to $5.45 in premarket trading.

NIO NIO Inc.
$5.27

-0.19 (-3.48%)

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.
04/04/19
BOFA
04/04/19
UPGRADE
Target $6.2
BOFA
Neutral
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.

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CBS

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INTC

Intel

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CMCSA

Comcast

$41.87

-0.11 (-0.26%)

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PBR

Petrobras

$15.34

-0.45 (-2.85%)

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BTI

British American Tobacco

$39.33

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POR

Portland General Electric

$51.20

0.61 (1.21%)

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WPG

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$4.55

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AVH

Avianca

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SAM

Boston Beer

$276.71

-1.24 (-0.45%)

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AXT Inc.

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PBFX

PBF Logistics

$21.36

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PBFX

PBF Logistics

$21.36

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PBFX

PBF Logistics

$21.36

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PBF

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$33.09

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NOW

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PBFX

PBF Logistics

$21.36

-0.37 (-1.70%)

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NFBK

Northfield Bancorp

$14.70

0.09 (0.62%)

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NFBK

Northfield Bancorp

$14.70

0.09 (0.62%)

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ZUO

Zuora

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TSLA

Tesla

$258.70

-5.15 (-1.95%)

, MXWL

Maxwell

$4.28

-0.095 (-2.17%)

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Hot Stocks
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$258.70

-5.15 (-1.95%)

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$4.28

-0.095 (-2.17%)

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OMAB

OMA Airports

$48.34

-0.25 (-0.51%)

18:18
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Earnings
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