2020-08-26 06:33:18 NIO Nio
08/26/20 08/2606:33 08/26/2006:33 | NIO Inc. price target raised to $18.10 from $16 at CitiCiti analyst Jeff Chung raised the firm's price target on NIO Inc. to $18.10 from $16 and keeps a Neutral rating on the shares. The analyst turned more positive on the company's medium outlook after a call with management. Nio's battery as a service model and production ramp up provide higher visibility for sales volume growth, Chung tells investors in a research note. The analyst increased his 2021/2022/2023 sales volume projections to 81,000/134,000/172,000 from 71,000/122,000/156,000 units. |
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