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Benzinga
Benzinga
Business
Adam Eckert

Why Nio Stock Is Rising Today

NIO BofA Securities Nio Inc NYSE

NIO Inc (NYSE:NIO) shares are trading higher Monday following bullish analyst coverage from BofA Securities. 

BofA Securities analyst Ming Hsun Lee upgraded Nio from a Neutral rating to a Buy rating and raised the price target from $25 to $26, citing expectations for stronger sales in the second half of 2022. 

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