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Citi Raises Nio’s Price Target for First Time in Seven Months
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Bank of China Hikes Nio Target to Street High, Expects ES9 to Deliver 3K-4K Units Monthly
Bank of China International lifted its price target on Nio on Monday — the highest known target on Wall Street — citing the newly pre-launched ES9 flagship SUV and what it described as a “critical fundamental inflection point” for the company. BOCI analyst expects the ES9 to stabilise at monthly deliveries of 3,000 to 4,000 units, driving combined ES8 and ES9 sales above 10,000 units per month with further upside potential. The bank raised its 2…
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