DA Davidson Maintains Neutral on Rivian Automotive, Raises Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Michael Shlisky maintains a Neutral rating on Rivian Automotive (NASDAQ:RIVN) and raises the price target from $18 to $25.

August 10, 2023 | 5:00 pm
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NEUTRAL IMPACT
DA Davidson analyst has maintained a Neutral rating on Rivian Automotive and raised the price target from $18 to $25.
The news is directly about Rivian Automotive. The analyst's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target could be seen as a positive signal, potentially leading to a slight increase in investor confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100