A team at Hong Kong-based fina_老虎社区_美港股上老虎

2021-08-02

A team at Hong Kong-based financial services firm CMB International raised its price target on $NIO Inc.(NIO)$ on Monday ahead of the EV maker's July delivery data release, citing marginal improvement in chip supply and the prospect of continued growth in deliveries in the second half of the year. The team raised its price target for NIO by 13.6 percent to $52.60 per share, maintaining a buy rating. NIO closed up 4.83 percent to $44.68 on Friday and the price target implies an upside of about 18 percent.

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