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09866 NIO-SW
RTNominal up32.650 +0.450 (+1.398%)
Research Report

07/12/2023 14:45

{I-bank focus}Jefferies lowers NIO (09866) to HKD65.8

[ET Net News Agency, 7 December 2023] Jefferies lowered its price target for NIO
(09866) to HKD65.8 from HKD78.2 and maintained its "hold" rating.
The research house said while NIO's refined marketing strategy and cost control
measures start to take effect, the company still faces margin pressures given lack of new
products under NIO brand and the rise in D&A in 2024. (RC)

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