Canaccord Genuity Maintains Buy on Rivian Automotive, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has maintained a Buy rating on Rivian Automotive but lowered its price target from $30 to $28.
October 07, 2024 | 5:14 pm
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NEUTRAL IMPACT
Canaccord Genuity has maintained a Buy rating on Rivian Automotive but lowered its price target from $30 to $28, indicating a slight decrease in expected valuation.
The maintenance of a Buy rating suggests continued confidence in Rivian's prospects, but the lowered price target indicates a slight reduction in expected valuation. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100