Soho House Beats Estimates; Deutsche Bank Bullish On NIO
- August 11th, 2023
- 367 views
Soho House & Co Inc. (NYSE: SHCO), a renowned social club and hospitality chain, has reported a second-quarter 2023 loss of $(0.01) per share, outperforming the consensus estimate loss of $(0.12). Additionally, the company's quarterly sales amounted to $288.92 million, surpassing the analysts' projected revenue of $285.18 million for the period.
$SHCO was trading at $6.45 in pre-market, up $0.33 (+5.39%)
In other news, NIO Inc. (NYSE: NIO), an electric vehicle manufacturer, has received favorable attention from Deutsche Bank. The investment firm has upheld its "Buy" rating on NIO and notably increased the price target from $13 to $17.
With $NIO closing at $13.25 on Thursday, this updated price target suggests a potential upside of $3.75, approximately 28.30%, according to Deutsche Bank's evaluation.
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