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Market focus for NIO (NIO) will soon shift back to execution - Morgan Stanley
June 12, 2023 1:27 PM EDTMorgan Stanley's Tim Hsiao believes that despite NIO Inc.'s (NYSE: NIO) price cuts, the market's focus will likely soon shift back to execution after today's rally.
NIO shares are up around 7.5% at the time of writing, trading above the $8.30 mark. Earlier in the... More
Morgan Stanley on NIO (NIO): 'the market's focus will likely soon shift back to execution after today's rally'
June 12, 2023 11:49 AM EDTMorgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $12.00 price target on NIO (NYSE: NIO)
The analyst comments "Following price cuts today, NIO maintained the volume and margin guidance provided on 1Q earnings call. More operational details shared during the NDR help... More
S&P Downgrades Nasdaq (NDAQ) To 'BBB'; Outlook Stable
June 12, 2023 10:08 AM EDTS&P Downgrades Nasdaq (NASDAQ: NDAQ) To 'BBB'; Outlook Stable
... MoreNIO Inc. (NIO) slashes prices and ends free battery swapping
June 12, 2023 9:00 AM EDTChinese electric automaker NIO Inc. (NYSE: NIO) revealed Monday its decision to reduce prices across all models and discontinue free battery swapping services for new customers. This move comes as the Chinese automaker grapples with financial losses and lackluster sales, placing them under increasing scrutiny and... More
