US stocks surged | Ideal car (LI.US) rose more than 2% with Daiwa reiterating "outperforming the market" rating

According to Wisdom Finance APP, on Wednesday, Ideal Motors (LI.US) rose over 2% to $28.60. Daiwa stated that after recent communication with the management, they have re-assessed the valuation model and still see long-term growth potential for Ideal Motors in terms of car upgrades and overseas expansion. Ideal Motors plans to launch a new electric SUV i8 in July to August this year, and possibly release i6 by the end of the year, with prices ranging from 200,000 to 400,000 yuan. Daiwa expects this year's sales to gradually increase and reiterates their "outperform the market" rating, with a target price for the US stock raised from $23.4 to $32.5.