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$16.04 /

-0.49 (-2.96%)


Nikola downgraded to Neutral from Overweight at JPMorgan

JPMorgan analyst Paul Coster downgraded Nikola to Neutral from Overweight with a price target of $30, down from $33. Following the Q4 report, which provided investors reassurance that the company is "more focused," much of "good news is now priced in the stock," Coster tells investors in a research note. The analyst believes the story "should heat up again" in to mid- to late-2021 if customer orders get announced and as the first fuel cell electric vehicle prototype "comes to life." Coster calls the downgrade a "tactical call" based on the timing of catalysts.

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NKLA Nikola
$16.04 /

-0.49 (-2.96%)

Fly Intel: Top five analyst upgrades
02/01/21 Wedbush
Nikola upgraded to Neutral from Underperform at Wedbush
12/28/20 JPMorgan
JPMorgan cuts Nikola target but sees 'generally positive' news flow in 2021
12/24/20 Loop Capital
Nikola faces 'another setback in a series of setbacks,' says Loop Capital

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