Form 6-K NIO Inc. For: Mar 01
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Citi Keeps Buy Rating on NIO (NIO), PT $23.30, Issues Comments on Citi Business Update Call Today
March 2, 2023 1:10 PM ESTCiti analyst Jeff Chung reiterated a Buy rating and $23.30 price target on NIO (NYSE: NIO).
The analyst comments "We hosted NIO for a business update call on Mar 2nd, with the key takeaways summarized as below. 4Q22 Provision Due to lower sales forecast of old 866 models, inventory provision and losses on purchase commitments was Rmb985mn in 4Q22. Breaking it down, mgmt. indicate less than Rmb200m was related to provision of Nios parts inventory and c.Rmb800m was related to provision of suppliers inventory and losses on purchase commitments. Mgmt. indicate they conservatively... More
