Nikola could sink 27% due to daunting operational headwinds and insider selling, CFRA says

Trevor Milton, the founder of Nikola.
Nikola
CFRA reiterated its "sell" rating and lowered its price target to $8 on shares of Nikola Thursday.
Analyst Garrett Nelson cited operational headwinds and insider sales from founder Trevor Milton as his reasoning.
Nelson says he has a "low degree of confidence in management's ability to execute" amid competition.
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Nikola could sink 27% from current levels due to "daunting operati