🟢 Nio is trading 4.19% up today after UBS initiated Buy-rated coverage

Nio is trading 4.19% up at $3.73 after UBS initiated coverage with a Buy rating and set a $5.60 target for U.S.-listed shares.

• UBS cited Nio’s premium brand, customer loyalty, improving profitability, and expected revenue growth from refreshed ES6 and ET5 models.
• The broader market supported the move, with major U.S. indexes rising more than 1% after inflation data eased immediate concerns.
• Trading activity details were unavailable.