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. 

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Source Fool.com