Workflow
UBS Just Upgraded Rivian (RIVN) Stock
Rivian AutomotiveRivian Automotive(US:RIVN) InvestorPlace·2024-04-17 02:13

After struggling throughout this year due to myriad headwinds, electric vehicle (EV) manufacturer Rivian (NASDAQ:RIVN) finally caught some relatively good news. UBS analysts are no longer directly bearish on RIVN stock. Nevertheless, the upstart EV maker faces competitive concerns that cloud the overall narrative.According to a Barron’s report, UBS analyst Joe Spak upgraded RIVN stock to “hold” from “sell” while leaving the price target as is at $9. As Barron’s senior writer Allen Root wryly pointed out, Sp ...