Here's what major analysts are saying about Nikola's plunging stock

Trevor Milton CEO of Nikola
Massimo Pinca | Reuters

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One of the hottest stocks of 2020 is tanking on news its controversial founder is resigning. Here's what Wall Street thinks of the shake-up at Nikola

Most notably, JPMorgan stuck with its buy rating on the stock and Cowen called Trevor Milton's resignation a "buying opportunity." The rest of the major firms that cover Nikola stayed neutral on the stock, while cutting their price targets.