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Why Nio's Stock Is Trading Higher Today

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Why Nio's Stock Is Trading Higher Today

Nio Inc - ADR (NYSE: NIO) shares are trading higher on Tuesday after UBS upgraded the stock from Sell to Neutral and announced a $16.30 price target.

Nio Inc operates in China's premium electric vehicle market. The company designs, jointly manufactures and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving and artificial intelligence. Its models include the EP9 supercar, ES8, ES6 and EC6.

Nio shares were up 10.86% at $16.60 at the time of publication. The stock has a 52-week high of $16.87 and a 52-week low of $1.19.16.87

Latest Ratings for NIO

DateFirmActionFromTo
Oct 2020JP MorganUpgradesNeutralOverweight
Sep 2020Deutsche BankInitiates Coverage OnBuy
Aug 2020Morgan StanleyUpgradesEqual-WeightOverweight

View More Analyst Ratings for NIO
View the Latest Analyst Ratings

 

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Posted-In: why it's movingUpgrades Analyst Ratings

Latest Ratings

StockFirmActionPT
TFXSVB LeerinkMaintains415.0
MOHSVB LeerinkMaintains255.0
ZENPiper SandlerMaintains134.0
BLPiper SandlerMaintains115.0
ILMNSVB LeerinkMaintains325.0
View the Latest Analytics Ratings
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