EV startups from Lucid to Rivian see demand fade, supply chain issues linger
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Needham reinstates Rivian (RIVN) at Buy
March 1, 2023 8:22 AM ESTNeedham reinstated coverage of Rivian Automotive (NASDAQ: RIVN) with a Buy rating and $26.00 price target.
Analyst, Chris Pierce wrote in a note, RIVN's initial vehicle production guidance for '23 is well below consensus delivery estimates, likely causing a material reset in investor expectations.... More
