Wedbush downgrades Nikola to underperform, lowers price target to $15

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Wedbush downgrades Nikola to underperform, lowers price target to $15

Nikola shares were down as much as 20 percent in early trading Thursday following last week's fraud allegations by short-seller Hindenburg Research. Wedbush Securities analyst Dan Ives downgraded Nikola, lowering its price target from $45 to $15. He joins ‘Closing Bell’ to discuss.
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Thu, Sep 24 20203:45 PM EDT