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Market Impact: 0.35

Nio Drops 4% on J.P. Morgan Downgrade and $4.50 Price Target, XPeng and Li Auto Slip

Source: 247wallst.com

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Nio Drops 4% on J.P. Morgan Downgrade and $4.50 Price Target, XPeng and Li Auto Slip

Nio shares fell 4% to $3.92 after J.P. Morgan downgraded the stock to Neutral from Overweight and cut its price target to $4.50 from $7.00. The reduction implies a more cautious stance on near-term upside, weighing on the shares as the target was sharply lowered.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.45

Ticker Sentiment

NIO-0.70

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