JP Morgan Maintains Underweight on Rivian Automotive, Raises Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ryan Brinkman maintains an Underweight rating on Rivian Automotive (NASDAQ:RIVN) but raises the price target from $10 to $14.
June 26, 2024 | 4:00 pm
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JP Morgan analyst Ryan Brinkman maintains an Underweight rating on Rivian Automotive but raises the price target from $10 to $14.
The Underweight rating suggests a bearish outlook, but the raised price target indicates some positive sentiment. The net impact on the stock price is likely neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100