JP Morgan Downgrades NIO to Neutral, Lowers Price Target to $4.5

Benzinga Newsdesk www.benzinga.com Negative 90.7%

Neg 90.7% Neu 0% Pos 0%

JP Morgan analyst Nick Lai downgrades NIO (NYSE:NIO) from Overweight to Neutral and lowers the price target from $7 to $4.5.