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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Nio's Flagship ES8 SUV Enters Showrooms, Major Launch Event Hours Away

NIO SUV Li
Nio

NIO Inc. (NYSE:NIO) shares moved higher in Thursday’s premarket trading after fresh optimism around its expanding product lineup and analyst support.

Morgan Stanley analyst Tim Hsiao lifted his price forecast for Nio stock from $5.90 to $6.50 while keeping a Buy rating, pointing to strong demand for its new Onvo brand.

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