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JP Morgan Sees 40% Downside on Rivian Shares, Forecasts Wider 2026 Losses
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JP Morgan Sees 40% Downside on Rivian Shares, Forecasts Wider 2026 Losses
JP Morgan maintained its Underweight rating on Rivian this Wednesday, after the company reported higher-than-expected costs for the fourth-quarter and projected continued elevated expenses in its 2026 outlook. The update comes a day after the company’s Chief Financial Officer Claire McDonough participated in a JP Morgan Conference in Miami, in which she addressed cost reductions, production scaling of the R2 vehicle and the progress of the EV ma…
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