Why Nikola Stock Is Higher Today
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