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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Nio Sends New ES8 SUVs To Dealers Ahead Of Launch

NIO SUV UBS NYSE Robert Way CnEVPost
Nio-Photo by Robert Way via Shutterstock

Nio Inc. (NYSE:NIO) shares were trading higher Tuesday after UBS upgraded the stock and the company moved to ship a new model to dealers.

UBS analyst Paul Gong raised his rating on Nio from Neutral to Buy and lifted the price forecast from $6.2 to $8.5.

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