This Rivian Automotive Analyst Turns Bearish; Here Are Top 5 Downgrades For Tuesday - Bath & Body Works (NYSE:BBWI), Enbridge (NYSE:ENB)

This Rivian Automotive Analyst Turns Bearish; Here Are Top 5 Downgrades For Tuesday - Bath & Body Works (NYSE:BBWI), Enbridge (NYSE:ENB)

Rivian Automotive (NASDAQ:RIVN) Trading Down 7.1% on Analyst Downgrade

Shares of Rivian Automotive, Inc. (NASDAQ:RIVN – Get Free Report) traded down 7.1% during trading on Tuesday after DA Davidson downgraded the stock from a neutral rating to an underperform rating. DA Davidson now has a $14.00 price target on the stock, down from their previous price target of $15.00. Rivian Automotive traded as low […]

DA Davidson Downgrades Rivian, Warns R2 Launch Expectations Are ‘Aggressive’

DA Davidson downgraded Rivian to Underperform on Tuesday, warning that the EV maker’s upbeat tone on its forthcoming R2 model masks significant execution risks. Analyst Michael Shlisky cut the firm’s rating from Neutral and lowered its price target to $14 from $15, citing concerns that Rivian must deliver “the best mid-size EV launch since 2021 — without the benefit of tax credits or a mass-channel dealer network.” Rivian shares were trading 3.3…