Barclays Maintains Equal-Weight on Rivian Automotive, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Dan Levy maintains an Equal-Weight rating on Rivian Automotive (NASDAQ:RIVN) and raises the price target from $14 to $16.

July 16, 2024 | 3:55 pm
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Barclays analyst Dan Levy maintains an Equal-Weight rating on Rivian Automotive and raises the price target from $14 to $16.
The raised price target from $14 to $16 by Barclays suggests a positive outlook on Rivian's stock, which could lead to a short-term increase in its stock price. However, the Equal-Weight rating indicates a neutral stance, balancing the impact.
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