Wells Fargo Maintains Equal-Weight on Rivian Automotive, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan maintains an Equal-Weight rating on Rivian Automotive (NASDAQ:RIVN) and raises the price target from $10 to $18.
July 18, 2024 | 4:30 pm
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POSITIVE IMPACT
Wells Fargo analyst Colin Langan maintains an Equal-Weight rating on Rivian Automotive and raises the price target from $10 to $18.
The raised price target from $10 to $18 by a reputable analyst at Wells Fargo is a positive signal for investors, indicating increased confidence in Rivian's future performance. This is likely to have a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100