Deutsche Bank Just Upgraded Li Auto (LI) Stock

Chinese electric vehicle manufacturer Li Auto (NASDAQ:LI) finally benefited from some positive developments. Earlier Tuesday, Deutsche Bank analyst Edison Yu upgraded LI stock to “buy” from “hold,” although he trimmed his price target by $4 to $41. Nevertheless, the share price forecast still reflects a more than 46% lift from Monday’s closing price of $28.Fundamentally, the most important element tied to the upgrade centers on the confidence boost. As CNBC pointed out, LI stock has declined approximately 2 ...