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Nomura upgrades this electric vehicle manufacturer to buy, citing improving profitability
Nomura sees shares of Nio rising 16% from here.
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Nomura sees shares of Nio rising 16% from here.
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HSBC sees shares of Nio adding 23% from here.

Shares of Nio rallied after the carmaker unveiled its latest ES8 SUV on Aug. 21, a much more affordable option than its premium…

The rally comes in large part after the company unveiled its latest ES8 SUV on Aug. 21.

The chart analyst looks at the charts on Tesla and NIO.

Shanghai-based Nio says proceeds to be used to enhance its development and replenish capital amid a price war.

The investment firm upgraded the stock to outperform from neutral.