Why Li Auto Stock Raced Higher on Monday

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 ...