Rivian to be impacted by "tepid demand" for electric vehicles - UBS
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Rivian Automotive Inc (RIVN) PT Lowered to $12 at Barclays
February 26, 2024 5:56 AM ESTBarclays analyst Dan Levy lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $12.00 (from $16.00) while maintaining a Equalweight rating.
The analyst comments "Key takes: 1. Demand weakness materializing amid softer order book, '24 volume guide reflects demand challenges; 2. Mgmt reaffirmed gross... More
