UBS Upgrades Rivian Automotive to Neutral, Maintains Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joseph Spak upgrades Rivian Automotive (RIVN) from Sell to Neutral, maintaining the price target at $9.
April 16, 2024 | 12:16 pm
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POSITIVE IMPACT
Rivian Automotive was upgraded by UBS from Sell to Neutral with a maintained price target of $9.
The upgrade from Sell to Neutral by a major analyst like UBS suggests a more favorable outlook for Rivian Automotive, potentially leading to increased investor confidence and a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100