Best Buy, 3M, Oracle and AT&T rise premarket; Salesforce falls

Morgan Stanley upgrades 3M (MMM) as liabilities narrow

Morgan Stanley upgraded 3M Co. (NYSE: MMM) to an Equal-weight rating (From Underweight) and raised their 12-month price target on the stock to $113.00 (From $102.00) as analyst Joshua Pokrzywinski sees the companys liabilities narrowing.

Pokrzywinski wrote in a note, We still believe the ultimate liabilities for PFAS and Combat Arms to be higher than the headline settlement amounts, however, as other avenues of PFAS litigation like wastewater, international water suppliers, and personal injury/property damage still... More

Mizuho cuts price target on Nio (NIO) while raising delivery estimates

Mizuho reiterated a Buy rating on Nio Inc. (NYSE: NIO) but cut their 12-month price target on the stock to $18.00 (From $20.00) after the Chinese electric automaker reported its 2Q earnings report.

NIO reported 2Q revenues of RMB 8.77B, missing the consensus estimate of RMB 9.51B. Deliveries for the quarter were down 24% compared to the first 3 months of the year. However, management... More

SunCar (SDA) renews service agreement with Nio (NIO) for 1 year

Chinese digital automotive after-sales service provider, SunCar Technology (NASDAQ: SDA) announced today that it has renewed its one-year insurance intermediation service agreement with electric automaker, Nio Inc. (NYSE: NIO).

We have witnessed strong growth momentum for NEVs in... More

Nio (NIO) to launch mobile phone in September

Nio Inc. (NYSE: NIO), the Chinese electric vehicle manufacturer, has announced its intentions to introduce its first self-designed mobile phone in late September. The company aims to enhance the allure of its vehicles by offering improved software and connectivity through this new venture.

"Our phone business is not to compete with those phone makers," CEO William Li told investors.

Li, the founder and of Nio, played a pivotal role in spearheading the phone initiative,... More