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Nio Stock No Longer a Sell, According to 1 Wall Street Analyst
NIONIO(NIO) The Motley Fool·2024-05-15 20:17

Nio stock may not be worth buying, but it's also too risky to short.Good news for Nio (NIO -7.95%) shareholders! For three long months, investment bank J.P. Morgan said the Chinese electric vehicle (EV) maker's stock was a sell. But no longer.On Wednesday, the bank's investment firm relented and removed its sell rating from Nio, upgrading the EV stock to neutral and setting its price target at $5.40 per share. That price implies an upside of just 2% on the current $5.32. Is Nio stock a buy?Remember, JPMorga ...