Morgan Stanley Comments on NIO (NIO) Hang Seng Index Inclusion

May 23, 2022 4:25 AM EDT
Get Alerts NIO Hot Sheet
Price: $21.11 +1.39%

Rating Summary:
    21 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 40 | New: 22
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Morgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $34.00 price target on NIO (NYSE: NIO).

The analyst comments "A bit more liquidity, a bit more diversity: Index inclusion should attract some directional shift of passive funds tracking index that could bolster near-term liquidity of H-shares (US$54mn for Nio's H-share vs. US$176mn for the ADR over the past 3 months). Meanwhile, the stock's previous SGX listing could also attract some high net worth investors. As mentioned in our previous reports, being triple-listed, NIO is now better positioned to hedge ADR de-listing risks. All eyes are still on potential A-share listing which will take longer to eventuate."

For an analyst ratings summary and ratings history on NIO click here. For more ratings news on NIO click here.

Shares of NIO closed at $16.44 yesterday.

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