EHang Holdings Ltd (EH) saw its stock surge over 7% in Wednesday's trading session, following a bullish initiation of coverage from CICC.
According to reports, analysts at CICC investment research firm initiated coverage on EHang with an Outperform rating and a price target of $18.13, representing significant upside from current levels.
The positive outlook from CICC analysts appears to have fueled investor optimism around EHang's prospects, driving the sharp intraday rally in the stock.
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