Citi raised the firm’s price target on Niu Technologies (NIU) to $2 from $1.90 and keeps a Neutral rating on the shares. Niu reported worse than expected Q3 earnings, the analyst tells investors in a research note. The firm opened a “90-day downside catalyst watch” on the shares as it expects headwinds from product mix deterioration, margin pressure, impact from the U.S. tariff hike will persist in Q4. This could mean that Niu’s earnings would likely miss market expectations, the analyst tells investors in a research note.
Don't Miss out on Research Tools:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NIU:
- Options Volatility and Implied Earnings Moves Today, November 18, 2024
- Options Volatility and Implied Earnings Moves This Week, November 18 – November 21, 2024
- Niu Technologies Reports Revenue Growth Amid Challenges
- Niu Technologies launches KQi 100F electric scooter in U.S.
- Niu Technologies Celebrates Q3 Sales Surge
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
