According to Morgan Stanley, investors should buy shares of Nio, which could rebound in the second half on the back of a strong product pipeline. Analyst Tim Hsiao named the electric-vehicle maker a strategic consideration over the next 15 days following the recent recovery in China’s auto sector, according to a note on Thursday. Hsiao said there’s about a 70% to 80% chance for this scenario. “While sluggish industry sentiment led to the sell-off, we believe NIO’s upbeat June sales with a good volume trajectory in 2H, aided by a strong product pipeline, will revive investor confidence in the company’s operations. and trigger a rebound in the stock.” The note said. Morgan Stanley has an overweight on the stock and a $31 price target. The price target represents about 40% above Wednesday’s closing price. — CNBC’s Michael Bloom contributed to this report.