Baird Initiates Coverage On Nikola with Outperform Rating, Announces Price Target of $2
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Ben Kallo has initiated coverage on Nikola Corporation (NASDAQ:NKLA) with an Outperform rating and set a price target of $2 for the stock.

January 24, 2024 | 12:06 pm
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Baird analyst Ben Kallo has started covering Nikola with an Outperform rating and a price target of $2, indicating a positive outlook for the stock.
Analyst ratings can influence market perception and investor sentiment. An Outperform rating suggests that Baird expects Nikola to perform better than the market or its sector peers. The announcement of a price target provides a specific expectation for the stock's future price, potentially leading to increased investor interest and a positive short-term impact on the stock price.
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