Rivian names Alan Hoffman as Chief Policy Officer
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Cantor Fitzgerald cuts Rivian (RIVN) to Neutral following recent surges and increased competition
August 1, 2023 9:33 AM EDTCantor Fitzgerald downgraded Rivian Automotive (NASDAQ: RIVN) to a Neutral rating (From Overweight) and raised their 12-month price target on the stock to $29.00 (From $27.00) ahead of the automakers 2Q earnings report on recent outperformance in the share price and on increased competition.
Analyst, Andres Sheppard wrote in a note, With the recent surge in share price, and since Rivian's stock has increased more than 49% YTD and traded up... More
