Citi analyst Jeff Chung added an “upside 30-day catalyst watch” on shares of Nio (NIO) while keeping a Buy rating on the name with an $8.10 price target The firm cites the company’s new model launches, new advanced driver assistance systems chips, and cost savings for the catalyst watch. Citi expects Nio may potentially deliver 63,000 units, or 50% quarter-over-quarter growth, in Q2.
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