UBS Upgrades Rivian Automotive Inc (RIVN) to Neutral, 'More balanced at current levels'

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UBS upgrades Rivian stock on 'more balanced' risk-reward profile

April 16, 2024 8:58 AM EDT

UBS analysts upped their Rivian (NASDAQ: RIVN) stock rating to Neutral from Sell, citing a more balanced risk-reward profile at current valuation levels.

The stock price now better considers some of our midterm concerns. For instance, we believe the stock is now... More