RBC Capital Reiterates Sector Perform on Rivian Automotive, Maintains $15 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Tom Narayan reiterated a 'Sector Perform' rating on Rivian Automotive (RIVN) and maintained a $15 price target.

March 11, 2024 | 3:10 pm
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NEUTRAL IMPACT
RBC Capital maintains a 'Sector Perform' rating on Rivian Automotive with a $15 price target.
The reiteration of the 'Sector Perform' rating and 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 current market conditions and RBC Capital's assessment, indicating no significant change in the company's valuation or prospects that would alter the stock's trajectory significantly.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90