UBS Initiates Coverage On Rivian Automotive with Neutral Rating, Announces Price Target of $26
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joseph Spak has initiated coverage on Rivian Automotive (NASDAQ:RIVN) with a Neutral rating and a price target of $26.
September 13, 2023 | 10:15 am
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UBS has initiated coverage on Rivian Automotive with a Neutral rating and a price target of $26.
The initiation of coverage by UBS with a Neutral rating indicates that the analyst sees the stock as fairly valued at current levels. The price target of $26 suggests that the analyst does not expect significant price movement in the short term. This could lead to a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100