Barclays analyst Jiong Shao downgraded Nio to Underweight from Equal Weight with a $4 price target. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on NIO: Full Speed Ahead: NIO’s March EV Surge NIO Inc. Reports Robust March and Q1 Deliveries Nio delivers 11,866 vehicles in March NIO Inc. Provides March and First Quarter 2024 Delivery Update Can Tesla (NASDAQ:TSLA) Compete with BYD, LI, NIO, XPEV on Value?