Nikola shares price target cut on earnings miss By Investing.com

On Wednesday, TD Cowen adjusted its outlook on Nikola Corp . (NASDAQ:), reducing the electric vehicle manufacturer’s stock price target to $0.50, a significant decrease from the previous $1.00 target. The firm has chosen to maintain a Hold rating on the stock.The decision comes after Nikola reported a disappointing first quarter for 2024, with earnings before interest, taxes, depreciation,…