Why Nikola Stock Is Trading Lower Today
Shares of electric-truck start-up Nikola (NASDAQ: NKLA) were trading lower for a second day on Friday morning, after a Deutsche Bank analyst talked up the company's future prospects -- but didn't recommend that investors buy its shares. As of noon EDT, Nikola's stock was down about 3.5% from Thursday's closing price. Deutsche Bank analyst Emmanuel Rosner initiated coverage of Nikola in a note on Thursday with a hold rating and a price target of $54, slightly below the stock's closing price ($54.58) on Wednesday.
