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NIO Inc. (NIO) upgraded to neutral at JPMorgan
May 15, 2024 8:15 AM EDTOn Wednesday, JPMorgan adjusted its stance on shares of NIO Inc. (NYSE: NIO), upgrading the electric vehicle manufacturer to Neutral from Underweight. Accompanying the rating change, the firm also increased its price target for Nio to $5.40 from the previous $4.80 per share.
The upgrade follows a period of significant volatility for Nio's stock, which experienced a... More
BofA Securities Reiterates Buy Rating on Li Auto (LI)
May 14, 2024 8:18 AM EDTBofA Securities analyst Ming Hsun Lee reiterated a Buy rating and $41.00 price target on Li Auto (NASDAQ: LI)
The analyst comments "Unfavorable mix change and price cut in 2Q to drag GPM We now see 2Q24 sales volume at 106k units, down from 110k... More
