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Nio price target lowered to $6 from $6.50 at BofA

Nio price target lowered to $6 from $6.50 at BofA

BofA lowered the firm’s price target on Nio (NIO) to $6 from $6.50 and keeps a Neutral rating on the shares after the company announced Q3 results. The firm reiterates its Neutral rating as it expects the positives from volume growth in 2025 to be partially offset by slower margin expansion and high operating expenses, the analyst tells investors.

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