Why Li Auto Stock Raced Higher on Monday
LI AUTO(LI) The Motley Fool·2024-04-30 06:27
Both investors and analysts are getting markedly more positive about Chinese auto makers.Like numerous electric vehicle (EV) stocks lately, Li Auto (LI 7.63%) had essentially been punished by the market on concerns that demand was waning for such cars. That gloomy sentiment wasn't in evidence on Monday, as investors turbo-charged the stock with a nearly 8% gain in price. This was aided in no small measure by an analyst's recommendation upgrade.From neutral to bullishWell before market open, 86Research pushe ...