Nio soars to record high after UBS boosts its price target by 1,530%, upgrades stock (NIO)

11:52am PDT - August 25th, 2020    nio stock - Business Insider

• Nio surged 15% to record highs on Tuesday after the China-based electric vehicle manufacturer was upgraded from "sell" to "neutral" by UBS.
• In a note published on Tuesday, UBS said improving fundamentals driven by operational cost cutting ju…