What's Going On With NIO Stock Thursday?
NIO(NIO) Benzinga·2024-11-21 22:14
NIO Inc. NIO, the Chinese electric vehicle (EV) maker, is seeing its shares trade lower in premarket trading on Thursday.Macquarie analyst Eugene Hsiao downgraded the company’s rating from Outperform to Neutral and slashed the price target from $6.60 to $4.80.The downgrade follows a mixed fiscal third-quarter earnings report, which revealed a slight decline in year-over-year revenue and continued losses.NIO posted a revenue of 18.67 billion yuan ($2.66 billion) for the quarter, marking a 2.1% decrease from ...