NIO's target price has been lowered by institutions, and its short selling data remains at a high level
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发表于 2024-2-26 15:44:18
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Due to the downgrade of ratings and target prices by institutions, NIO SW (09866. HK) weakened again today, falling 4.58% to HKD 43.75 as of press release. In terms of news, NIO Motors has recently been downgraded and its target price by JPMorgan Chase. According to the report, analysts at the bank downgraded NIO's US stock rating from "neutral" to "underweight" and lowered its target stock price from $8.50 to $5, a 41% reduction. This adjustment reflects market concerns about NIO's sales prospects this year.
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Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
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