Shares of Rivian are trading higher after Guggenheim Securities initiated coverage on the stock with a Buy rating and an $18 price target.
Portfolio Pulse from Benzinga Newsdesk
Shares of Rivian are trading higher after Guggenheim Securities initiated coverage with a Buy rating and an $18 price target.
June 25, 2024 | 3:24 pm
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Guggenheim Securities has initiated coverage on Rivian with a Buy rating and an $18 price target, leading to a rise in Rivian's share price.
The initiation of coverage with a Buy rating and a specific price target by a reputable firm like Guggenheim Securities is a strong positive signal for investors. This typically leads to increased investor confidence and buying activity, driving the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100