Nio's stock bounces after J.P. Morgan analyst raises target, but expects 'pullback' near term_老虎社区_美港股上老虎

Nio's stock bounces after J.P. Morgan analyst raises target, but expects 'pullback' near term

Dow Jones2020-08-12

MW Nio's stock bounces after J.P. Morgan analyst raises target, but expects 'pullback' near term

Shares of Nio Inc. $(NIO)$ bounced 2.7% in premarket trading Wednesday, after J.P. Morgan analyst Nick Lai raised his stock price target to $14 from $11, saying he believes new-energy vehicle $(NEV)$ demand in China could accelerate. Meanwhile, Lai kept his rating at neutral, saying he believed valuations were "stretched." Nio reported early Tuesday a narrower-than-expected second-quarter loss and the S&P 500 has gained 3.2%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 12, 2020 08:23 ET (12:23 GMT)

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meigulaohu
·2020-08-12
真的叫赖昌星吗？
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