“1 Wall Street Analyst Just Cut Its Nio Price Target by 27%. Is It a Sell?”
March 14, 2024
“Investment bank Bernstein has never been a huge fan of Chinese electric car company Nio (NYSE: NIO). Bernstein’s latest move on the EV stock, however, looks downright pessimistic…”
https://finance.yahoo.com/news/1-wall-street-analyst-just-110400906.html
The Chinese economy and stock market is in shambles. They’re in a crisis right now. I think it’s a bad idea to do business with the CCP in the first place because they can’t be trusted, but the horrible economic environment is the cherry on top. At this point I think Chinese stocks are as risky as penny stocks. In general all they’re good for is day trading.