JPMorgan analyst Paul Coster upgraded Nikola to Overweight from Neutral with an unchanged price target of $45. The stock in premarket trading is up 8.5% to $43.65. The shares, after falling 40% in month-to-date in July, are starting to look attractive for long-term investors ahead of a “number of potential positive catalysts in coming weeks and months,” Coster tells investors in a research note. Nikola is currently a “story-stock,” says the analyst, who notes he’s “on board as long as the company executes to plan.” Coster expects a number of developments out of Nikola soon, including announcement of a manufacturing partner for the Badger truck, an H2 station deployment plan for the U.K., and potentially accelerated implementation plans for the FCEL truck in the U.S.