RBC Capital Maintains Sector Perform on Rivian Automotive, Maintains $15 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Tom Narayan maintains a 'Sector Perform' rating on Rivian Automotive (RIVN) and keeps the price target at $15.
March 07, 2024 | 7:50 pm
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NEUTRAL IMPACT
RBC Capital maintains a 'Sector Perform' rating on Rivian Automotive with a $15 price target.
The reaffirmation of the 'Sector Perform' rating and the maintenance of the $15 price target by RBC Capital suggests a neutral outlook on Rivian Automotive's stock in the short term. This analysis is based on the assumption that the market has already priced in the expectations set by RBC Capital's rating and target. Therefore, the immediate impact on RIVN's stock price is likely to be minimal, as the analyst's view does not represent a significant change in market sentiment or expectations.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90