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Why Nikola Stock Is Higher Today

TheMotleyFool

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Shares of electric-truck start-up Nikola (NASDAQ: NKLA) were higher on Monday. A Wall Street analyst initiated coverage of the company late last week with a bullish note.

As of 11:00 a.m. EST, Nikola's shares were up about 6.9% from Friday's closing price.

Loop Capital analyst Jeffrey Kauffman initiated coverage of Nikola last week, rating the stock a buy and setting a $35 price target for its shares.

Source Fool.com

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