Stock Ratings
BofA downgrades rating on Nio to Neutral from Buy
Nio has no new models in the first three quarters of 2024, sales growth is likely to be low, and it may need to offer price discounts for its existing models amid stiff competition, BofA said.
Goldman Sachs initiates coverage on Nio with Neutral rating
Despite its early-mover advantage, Nio's growth momentum could remain soft on relatively fewer new model launches given its mature product portfolio vs. peers, Goldman Sachs said.
Pacific Securities initiates coverage on Nio, expects 160,000 EV deliveries in 2023
Pacific Securities has a buy rating on Nio's Hong Kong-traded shares, with a target price of HK$103.62, implying an upside of 26.14 percent.
Goldman Sachs initiates coverage on Xpeng with Buy rating, bullish on G6 potential
Goldman Sachs believes the market has yet to fully reflect the potential of the G6, with the model ranking No.1 among comparable models, and which is the most competitive product released by Xpeng to date.
Industrial Securities initiates coverage on Xpeng with 'Buy' rating and HK$38.84 price target
Industrial Securities believes that Xpeng's short-term model changeover and sales pressure will not affect the company's long-term value.
Deutsche Bank cuts Xpeng price target to $33, citing painful strategic transition
Yu's team maintained its Buy rating on Xpeng, saying they believe Xpeng's assisted driving technology is undervalued over the long term.
Deutsche Bank cuts Li Auto price target further to $28, citing long-term prospect concerns
Li Auto's management could achieve its goal of transitioning from EREV to BEV, but the road ahead could get much rockier, said Edison Yu's team.
Xpeng Q2 earnings preview: Deutsche Bank expects weak quarter, cuts price target
Edison Yu's team expects Xpeng deliveries to trend toward the weaker side in August, with no significant recovery until the fourth quarter when the G9 SUV is delivered.
Deutsche Bank ups Li Auto price target to $30 while providing Q2 earnings preview
Deutsche Bank raised its forecast for Li Auto's deliveries this year to 160,000 units from 155,000, but believes the company could face some incremental headwinds in 2023.
Wall Street analysts reaffirm positive views on Nio, refute short-selling allegations
Morgan Stanley sees Nio shares rising in the next 15 days, and Daiwa advises investors to accumulate Nio shares on any weakness.