Battery and fuel cell truck maker
Nikola
has performed better than a lot of electric vehicle start-ups but that isn’t enough for Morgan Stanley to rate the shares at Buy.
Monday, Morgan Stanley analyst Dillon Cumming initiated coverage of Nikola (ticker: NKLA) stock with a Hold rating and a target of $3 for the price. While he sees evidence that the business model is progressing, he said execution risk—the danger that things won’t go smoothly as management pursues its goals—remains high.
Source: https://www.barrons.com/articles/nikola-stock-hold-rating-c5e4e121?siteid=yhoof2&yptr=yahoo