Why Li Auto Stock Is Higher Today
Shares of Chinese new-energy vehicle maker Li Auto (NASDAQ: LI) are trading higher on Thursday since a Wall Street analyst initiated coverage of the company with a bullish note.
At 10:15 a.m. EST, Li's American depositary shares were up about 6.8% from Wednesday's closing price.
In a new note on Thursday morning, Needham analyst Vincent Yu initiated coverage of Li Auto with a buy rating and a price target of $37.
Source Fool.com
