Rivian Automotive (RIVN) prices $1.3b green convertible notes at 4.625%

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Bank of America resumes coverage of Rivian (RIVN) at Buy

March 10, 2023 7:45 AM EST

Bank of America Securities resumed coverage of Rivian (NASDAQ: RIVN), with a Buy rating and lowered the price target on the stock to $40.00 (From $50.00), after the electric vehicle maker announced a proactive capital raise.

Rivian announced a capital raise on March 6 with the... More