HSBC Lowers NIO Price Target to $4.80

HSBC analyst Yuqian Ding lowered the price target on NIO (NYSE: NIO) to $4.80 (from $7.80) while maintaining a Hold rating.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.