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Why Nikola Stock Is Flying Today

TheMotleyFool

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Shares of electric-truck start-up Nikola (NASDAQ: NKLA) were trading higher on Wednesday after a JPMorgan analyst boosted his rating on the company's shares.

As of 10:15 a.m. EDT, Nikola's shares were up about 24.5% from Tuesday's closing price.

In a new note released early on Wednesday, JPMorgan analyst Paul Coster upgraded Nikola's stock to overweight from neutral while maintaining his prior price target of $45.

Source Fool.com

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