SunCar Technology Group Inc. Joins the Prestigious NASDAQ Golden Dragon China Index
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
BofA on NIO (NIO): 'Solid new model pipeline in 2025; self-developed AD chip'
November 21, 2024 10:45 AM ESTBofA Securities analyst Ming Hsun Lee reiterated a Neutral rating and $6.00 price target on NIO (NYSE: NIO).
The analyst comments "For NIO brand, the company plans to unveil ET9 during NIO Day in Dec 2024, and start delivery of ET9 in March 2025. ONVO... More
Citi Reiterates Buy Rating on Alibaba (BABA)
November 21, 2024 8:24 AM ESTCiti analyst Alicia Yap reiterated a Buy rating and $133.00 price target on Alibaba (NYSE: BABA)
The analyst comments "We are surprised by Alibaba announcement of establishing the Ecommerce Business Group integrating all commerce related platforms including Taobao Tmall Group, International Digital Commerce... More
Barclays Reiterates Underweight Rating on NIO (NIO)
November 21, 2024 6:11 AM ESTBarclays analyst Jiong Shao reiterated an Underweight rating and $4.00 price target on NIO (NYSE: NIO).
The analyst comments "Summary: NIOs 3Q results were broadly inline for revenues, margins and losses. The company launched its first car under the new brand ONVO (lower end compared to NIO) around the end of September and... More
NIO (NIO) PT Lowered to $4.50 at Bernstein SocGen Group
November 21, 2024 5:25 AM ESTBernstein SocGen Group analyst Eunice Lee lowered the price target on NIO (NYSE: NIO) to $4.50 (from $5.00) while maintaining a Market Perform rating.
The analyst comments "Q3 results in-line. NIO reported Q3 revenue of RMB 18.7bn (-2.1% yoy and +7.0% qoq). Q3 saw higher volume (61.9k units, +11.6% yoy and +7.8% qoq), which was partially offset by lower ASP of RMB 270.0k (-14.0% yoy and -1.2% qoq), due to weaker product mix and higher... More
Macquarie Downgrades NIO (H-Shares) (9966:HK) (NIO) to Neutral
November 20, 2024 1:11 PM ESTMacquarie analyst Eugene Hsiao downgraded NIO (H-Shares) (9966:HK) (NYSE: NIO) from Outperform to Neutral with a price target of HK$38.00.
The analyst comments ": We think it is too early to say if NIO brand cannibalization risks are real or if Onvo demand is as... More
XPeng (XPEV) PT Raised to $16.20 at BofA Securities
November 19, 2024 12:24 PM ESTBofA Securities analyst Ming Hsun Lee raised the price target on XPeng (NYSE: XPEV) to $16.20 (from $15.70) while maintaining a Buy rating.
The analyst comments "XPeng reported 3Q24 results and hosted a conference call: sales came in at RMB10.1bn, up 18%... More
