Deutsche names Nio short-term buy into several potential positives

Deutsche Bank analyst Edison Yu placed a “Catalyst Call: Buy” on shares of Nio as a short-term investment idea. Going into year-end, “we see several potential positive developments for NIO,” Yu tells investors in a research note. First, while the weekly registration data so far in December has been soft, Nio’s delivery volumes will ramp up considerably over the remainder of the month, says the analyst. Second, the company will be hosting its annual “NIO Day” event on December 24 where it will unveil two new models, adds Yu. He expects revamped ES8 and EC7 SUVs to be well received by consumers. In addition, Yi anticipates “further encouraging news” related to the China COVID re-open, helping share sentiment.