Mizuho Maintains Neutral on Rivian Automotive, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vijay Rakesh has maintained a Neutral rating on Rivian Automotive (RIVN) and lowered the price target from $12 to $11.
May 08, 2024 | 11:10 am
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Mizuho analyst Vijay Rakesh maintains a Neutral rating on Rivian Automotive and lowers the price target from $12 to $11.
The reduction in price target by Mizuho reflects a negative outlook on Rivian Automotive's short-term stock price performance. A lower price target, especially from a major analyst, can lead to decreased investor confidence and potentially lower stock prices in the short term.
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