Ree Automotive downgraded to Neutral from Buy at H.C. Wainwright

H.C. Wainwright downgraded Ree Automotive (REE) to Neutral from Buy without a price target The downgrade is driven by the update provided on the company’s earnings call where it highlighted that recent tariff-related developments have negatively impacted its plans to bring the P7 offering to the market as previously planned, the analyst tells investors in a research note. The firm says the development is pushing management to focus on cash preservation, cost-cutting efforts, and pausing planned P7 production to better navigate the current environment. H.C. Wainwright removed all forward estimates and projections for Ree.