B of A Securities Maintains Buy on Rivian Automotive, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst John Murphy maintains a Buy rating on Rivian Automotive (RIVN) but lowers the price target from $40 to $25.

February 22, 2024 | 4:28 pm
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B of A Securities maintains a Buy rating on Rivian Automotive but lowers the price target from $40 to $25.
The reduction in price target from $40 to $25 by a prominent analyst could lead to a negative short-term sentiment among investors, potentially causing a decrease in Rivian Automotive's stock price. However, the maintenance of a Buy rating indicates underlying confidence in the company's long-term prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100