Bragar Eagel & Squire, P.C. Is Investigating NIO, Discover, TuSimple, and Mercury and Encourages Investors to Contact the Firm

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Go back to Bragar Eagel & Squire, P.C. Is Investigating NIO, Discover, TuSimple, and Mercury and Encourages Investors to Contact the Firm

Deutsche Bank Bullish as Nio (NIO) Prepares Expansion

August 23, 2022 7:23 AM EDT

Electric vehicle company, Nio Inc. (NYSE: NIO) is down about 1% in pre-market trading Tuesday after Deutsche Bank analyst, Edison Yu reiterated a Buy rating and $45 price target on the stock.

In the note by Deutsche Bank, Yu focused mainly on recent developments that show NIO pushing forward overseas. As NIO continues to prepare to enter several new markets before year-end, Yu sees the companys expansion as an underappreciated aspect of NIO's long term growth prospects.

In Europe, Nio is preparing to enter Germany, Netherlands,... More