Why EHang Holdings Stock Flew More Than 3% Higher on Wednesday

Next-generation aircraft maker EHang Holdings (NASDAQ: EH) gained some altitude in Wednesday's stock trading session. The China-based company's American Depositary Receipts (ADRs) zoomed more than 3% higher on a prominent U.S. bank initiation of coverage. With that performance, EHang flew well above the S&P 500 (SNPINDEX: ^GSPC), which gained 0.1% on the day.After Tuesday's market close, Bank of America Securities' Fiona Lang began formally tracking EHang stock. She's bullish on the company, as she tagged it with a buy recommendation at a price target of $26 per ADR. That anticipates upside of more than 30% on the company's most recent closing price. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool