TD Cowen Maintains Hold on Nikola, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Jeffrey Osborne has maintained a Hold rating on Nikola (NASDAQ:NKLA) but has significantly lowered the price target from $10 to $4.

November 01, 2024 | 6:32 pm
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TD Cowen has maintained a Hold rating on Nikola but reduced the price target from $10 to $4, indicating a less optimistic outlook.
The significant reduction in the price target from $10 to $4 suggests a negative outlook on Nikola's stock performance. Maintaining a Hold rating indicates that the analyst does not see immediate upside potential, which could lead to downward pressure on the stock price.
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