Rivian Automotive shares are trading higher after UBS upgraded the stock from Neutral to Buy and announced a $24 price target.
Portfolio Pulse from Benzinga Newsdesk
Rivian Automotive's stock has been upgraded from Neutral to Buy by UBS, with a new price target of $24. This has resulted in the shares trading higher.
October 10, 2023 | 2:45 pm
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POSITIVE IMPACT
Rivian Automotive's stock has been upgraded by UBS, leading to an increase in its share price. The new price target is $24.
The upgrade from UBS is a positive signal for investors, indicating increased confidence in Rivian's prospects. This has led to a rise in the share price. The new price target of $24 also provides a clear expectation for future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100