$NIO Inc(NIO.US)$ skyrocketed 19.17% to $17.87 on the stock market yesterday after UBS boosted its price target from $1.00 to $16.30, representing a jump of 1,530%.
Today, NIO upgraded to Overweight from Equal Weight at Morgan Stanley.The bank's analysts also raise their 12-month target to $20.5 from from a prior target of $12.