Nio price target lowered to $4.30 from $4.90 at BofA

BofA lowered the firm’s price target on Nio (NIO) to $4.30 from $4.90 and keeps a Neutral rating on the shares following a Q1 miss. The firm adjusted its 2025 and 2026 sales volume by estimates up 0.3% and down 9%, respectively, to reflect the new vehicle pipeline and factoring in the Q1 results and operating expense cut, it lowered its non-GAAP net loss view by 14% and 44%, respectively, for 2025 and 2026.