eastwest connect

Barclays maintains an overweight rating on NIO, with the latest price target of $19

eastwest connect editorial

Barclays maintains an overweight rating on NIO, with the latest price target of $19

It is learned from Flush Finance on October 28, Barclays maintains NIO’s rating as overweight, with the latest target price of $19.

NIO released its 2022 interim report on September 7. As of June 30, 2022, the company’s operating income was 20.203 billion yuan, a year-on-year increase of 22.96%, net profit was -4.540 billion yuan, and basic earnings per share was -2.80 yuan.

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