Guggenheim initiated coverage on Rivian Automotive Inc (NASDAQ:RIVN) before the bell today, rating it a "buy" with a price target of $18. The firm cited a "compelling catalyst path" for the electric vehicle (EV) name, which is expected to post positive gross profit for the first time in the fourth quarter after gaining its footing in the industry. At last glance, RIVN was up 5.3$11.59, after last session bouncing off the $10 level, which provided support since mid-May. The 50-day moving average is acti ...