“Nio’s stock jumps toward a record after J.P. Morgan nearly triples its price target”
October 15, 2020
“Shares of Nio Inc. shot up 9.8% toward a record high in premarket trading Wednesday, after a bullish call on the China-based electric vehicle maker from J.P. Morgan. The stock was on track to open above the Oct. 12 record close of $21.85, and above the all-time intraday high of $22.59 reached on Sept. 30. J.P. Morgan said it now rates Nio at overweight, reportedly an upgrade from the previous rating of neutral, while the stock price target was nearly tripled to $40 from $14…”
https://finance.yahoo.com/m/994b8689-978a-353b-afa3-82e4fea5e160/nio-s-stock-jumps-toward-a.html