Cantor Fitzgerald Downgrades Rivian Automotive to Neutral, Raises Price Target to $29
Portfolio Pulse from richadhand@benzinga.com
Cantor Fitzgerald analyst Andres Sheppard has downgraded Rivian Automotive (NASDAQ:RIVN) from Overweight to Neutral, while raising the price target from $27 to $29.
August 01, 2023 | 10:29 am
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Rivian Automotive has been downgraded from Overweight to Neutral by Cantor Fitzgerald, but the price target has been raised from $27 to $29.
The downgrade to Neutral suggests that the analyst sees limited upside potential for Rivian's stock in the near term. However, the increase in price target indicates a slightly more optimistic view on the company's valuation. This mixed signal could lead to neutral or sideways movement in the stock price.
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