Cantor Fitzgerald Maintains Overweight on Rivian Automotive, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Andres Sheppard has maintained an Overweight rating on Rivian Automotive (NASDAQ:RIVN) but lowered the price target from $29 to $27.

November 08, 2023 | 5:06 pm
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Cantor Fitzgerald has maintained an Overweight rating on Rivian Automotive but lowered the price target from $29 to $27.
The news is directly about Rivian Automotive. The Overweight rating suggests that Cantor Fitzgerald expects the stock to outperform the market, which could be positive for the stock. However, the lowering of the price target could be seen as a negative signal, potentially indicating less upside potential than previously thought. Therefore, the short-term impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100