The Motley Fool explains why NIO stock is rising today. In early trading on Wednesday, shares of Chinese electric vehicle producer NIO (NYSE: NIO) were trading higher after a Wall Street analyst boosted his bank’s price objective for the stock in a bullish note. NIO’s American depositary shares were up nearly 5.1 percent from Tuesday’s closing price as of 10:15 a.m. EDT. Citibank analyst Jeff Chung boosted his price objective on NIO from $58.30 to $72, while maintaining his buy recommendation on the stock./n
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