Truist Securities Maintains Hold on Rivian Automotive, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on Rivian Automotive but lowered its price target from $16 to $12.
October 16, 2024 | 2:43 pm
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Truist Securities has maintained a Hold rating on Rivian Automotive but lowered its price target from $16 to $12, indicating a more cautious outlook.
The lowering of the price target from $16 to $12 by Truist Securities suggests a negative outlook on Rivian's stock performance. This could lead to a short-term decrease in stock price as investors react to the revised target.
CONFIDENCE 90
IMPORTANCE 80
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