BofA raised the firm’s price target on Nio (NIO) to $7.60 from $7.10 and keeps a Neutral rating on the shares following Nio Day. The company has built 3,500 power swap stations and has set up a power swap network connecting 20 major highways and 16 city clusters, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NIO:
- Nio’s Infrastructure Advancements and Financial Outlook Justify Hold Rating
- Nio’s Stock Soars Amid Strategic Moves and Optimism
- BYD (BYDDF) Taps Foreign Demand as EV Price War Bites Bottom Line
- Mixed options sentiment in NIO with shareslittle changed
- Mixed options sentiment in NIO with shares down 1.28%