Evercore ISI Group Upgrades Rivian Automotive to Outperform, Announces $35 Price Target
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Chris McNally has upgraded Rivian Automotive (NASDAQ:RIVN) from In-Line to Outperform and set a price target of $35.
October 02, 2023 | 9:53 am
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Rivian Automotive has been upgraded to Outperform by Evercore ISI Group, with a new price target of $35.
The upgrade from Evercore ISI Group is a positive signal for Rivian Automotive. The new Outperform rating suggests that the analyst believes the company will outperform the market, which could lead to an increase in the stock price. The new price target of $35 also indicates an expected increase in the stock price.
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IMPORTANCE 80
RELEVANCE 100