Morgan Stanley analyst Tim Hsiao named Nio as a “Research Tactical Idea” given the belief that the share price will rise in absolute terms over the next 15 days after the company reported “record-setting deliveries” of 20,462 units in July. The firm keeps an Overweight rating and $18.70 price target on Nio shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on NIO: