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.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NIO:
- NIO Inc. Reports Strong Deliveries Amid Financial Challenges
- Nio downgraded to Neutral from Outperform at Macquarie
- Unusually active option classes on open November 20th
- Morning Movers: Target tumbles following earnings release
- NIO Earnings: NIO Slips as Q3 Losses Miss Expectations despite Record Deliveries