NIO Catches a Downgrade. The Chinese EV Stock Is Rising. - Barron's
1. J.P. Morgan downgraded NIO to Hold, lowering price target to $4.70. 2. NIO's new ET9 sedan is positioned as a high-end vehicle starting at $100,000. 3. Despite downgrade, NIO shares rose 2% suggesting investor confidence remains. 4. NIO sales grew 50%, but slower than XPeng's 100% rise over the same period. 5. Majority of analysts hold Buy ratings on NIO, but favor faster-growing competitors.