Shares of Nio Inc - ADR (NYSE: NIO) were trading lower Monday as China deals with surging COVID-19 cases and Nio announced it is forming a committee to investigate recent short seller allegations.
While DigitalOcean Holdings Inc’s (NYSE: DOCN) share price already reflects benefits from pricing increases, it does not reflect the various risks and exposures for the second half of the year, according to Morgan Stanley.
Keefe, Bruyette & Woods analyst Michael Perito upgrades Axos Financial (NYSE:AX) from Market Perform to Outperform and raises the price target from $52 to $56.