Nikola price target lowered to $4 from $10 at TD Cowen
The Fly

Nikola price target lowered to $4 from $10 at TD Cowen

TD Cowen lowered the firm’s price target on Nikola (NKLA) to $4 from $10 and keeps a Hold rating on the shares. The firm said 3Q24 cash burn was higher than expected with managment pointing to 5 to 6 months of runway to operate.

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