Wells Fargo Maintains Equal-Weight on Rivian Automotive, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan maintains an Equal-Weight rating on Rivian Automotive (NASDAQ:RIVN) but lowers the price target from $18 to $15.
August 07, 2024 | 2:17 pm
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Wells Fargo analyst Colin Langan maintains an Equal-Weight rating on Rivian Automotive but lowers the price target from $18 to $15.
The lowered price target from $18 to $15 by Wells Fargo suggests a less optimistic outlook for Rivian Automotive, which could negatively impact investor sentiment and short-term stock price.
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