Bank of America Downgrades Nio As Shares Sink Nealy 5%

StreetInsider01-10

Bank of America has downgraded Nio Inc (NYSE:NIO) to a Neutral rating (From Buy) with a 12-month price target of $9.00 on the Chinese auto stock following lower than expected sales growth and ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Chris Tan
01-11
Chris Tan
Probably need to recover past short volume. Buy in now 😃
OlaTrade
01-10
OlaTrade
so analyst from BoA wants to accumulate $NIO Inc.(NIO)$ shares...

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2402163378?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-01-10 11:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2402163378","market":"us","top_or_hot":-1,"title":"Bank of America Downgrades Nio As Shares Sink Nealy 5%","media":"StreetInsider","content":"<div>\n<p>Bank of America has downgraded Nio Inc (NYSE:NIO) to a Neutral rating (From Buy) with a 12-month price target of $9.00 on the Chinese auto stock following lower than expected sales growth and ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=22613671\">Source Link</a>\n\n</div>\n","source":"highlight_streetinsider","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America Downgrades Nio As Shares Sink Nealy 5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America Downgrades Nio As Shares Sink Nealy 5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-10 11:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=22613671><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bank of America has downgraded Nio Inc (NYSE:NIO) to a Neutral rating (From Buy) with a 12-month price target of $9.00 on the Chinese auto stock following lower than expected sales growth and ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=22613671\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4555","symbol_name":"新能源车","start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=22613671","article_id":"2402163378","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2402163378","pubTimestamp":1704856364,"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"Bank of America has downgraded Nio Inc (NYSE: NIO) to a Neutral rating (From Buy) with a 12-month price target ...(Premium-only article. Please sign in or upgrade to SI Premium to view.)","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"BK4555":"新能源车","BK4509":"腾讯概念","BK4588":"碎股","BK4526":"热门中概股","NIO":"蔚来","BK4574":"无人驾驶","09866":"蔚来-SW","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","BK4505":"高瓴资本持仓","LU0052750758.USD":"富兰克林中国基金A Acc","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","NIO.SI":"蔚来","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","BK4532":"文艺复兴科技持仓","BK4531":"中概回港概念","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓"},"translate_title":"美国银行下调蔚来评级，股价下跌近5%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NIO.SI":1.1,"NIO":1.1,"09866":1.1},"content_text":"Bank of America has downgraded Nio Inc (NYSE:NIO) to a Neutral rating (From Buy) with a 12-month price target of $9.00 on the Chinese auto stock following lower than expected sales growth and valuation.Bank of America expects, emerging electric vehicle maker, Nio will encounter hurdles in its sales trajectory for the first three quarters of 2024 due to the absence of new model launches during this period. As a result, analysts are also expecting a potential slowdown in volume sales growth.In addition to the absence of new models, analysts anticipate that NIO may resort to offering price discounts on existing models.Moreover, increased spending on marketing campaigns and sales networks is expected to accompany the launch of NIO's second and third brands. This uptick in operating expenses is anticipated to exceed earlier projections.Despite the downward adjustment, analysts maintain a positive view on NIO for two primary reasons. Firstly, they foresee a brighter sales outlook for the fourth quarter of 2024 and into 2025. Secondly, NIO's financial standing is expected to improve with the CYVN investment.Shares of NIO are down 4.67% on Tuesday.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":261734344089768,"gmtCreate":1704910525416,"gmtModify":1704910529469,"author":{"id":"4100325483048030","authorId":"4100325483048030","authorIdStr":"4100325483048030","name":"Chris Tan","avatar":"https://community-static.tradeup.com/news/234d0c8219838a66f0165bcb29277534","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4100325483048030"},"htmlText":"Probably need to recover past short volume. Buy in now 😃","listText":"Probably need to recover past short volume. Buy in now 😃","text":"Probably need to recover past short volume. Buy in now 😃","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/261734344089768","repostId":2402163378,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":261624918008008,"gmtCreate":1704883633520,"gmtModify":1704883636522,"author":{"id":"3554977762049279","authorId":"3554977762049279","authorIdStr":"3554977762049279","name":"OlaTrade","avatar":"https://static.tigerbbs.com/5fd2f4ffd4857f822caa926165ffbf07","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3554977762049279"},"htmlText":"so analyst from&nbsp;BoA wants to accumulate&nbsp;<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$&nbsp;</a> shares...","listText":"so analyst from&nbsp;BoA wants to accumulate&nbsp;<a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$&nbsp;</a> shares...","text":"so analyst from BoA wants to accumulate $NIO Inc.(NIO)$ shares...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/261624918008008","repostId":2402163378,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":12,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2402163378"}