Wall Street Shifts Gears on Nio as Major Institutions Boost Positions

A significant reappraisal of Chinese electric vehicle manufacturer Nio is underway among Wall Street’s top financial institutions. After an extended period of caution, leading investment banks are now competing to issue upgraded ratings and higher price targets for the automaker’s shares.

JPMorgan Chase upgraded its rating to “Overweight” while establishing a new price target of $8.00. UBS Group quickly followed with an even more optimistic “Buy” recommendation and a target price of $8.50.

Even Mizuho Bank, which maintained its more conservative “Neutral” stance, raised its price objective to $7.00. This collective movement represents a notable departure from the previously dominant “Hold” recommendations that characterized analyst consensus.

Strong Delivery Performance Drives Optimism

The revised outlook from financial analysts... Read more...