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Investing.com17d agobearish

J.P. Morgan cuts NIO to Neutral, slashes price target on weak demand outlook

Investing.com -- J.P. Morgan downgraded NIO to Neutral from Overweight and cut its price target to $4.50 from $7.00, citing sluggish demand in China's passenger-vehicle market, intensifying price competition and limited overseas exposure that could constrain the electric-vehicle maker's earnings upside.

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