Guggenheim analyst Ronald Jewsikow downgraded Rivian (RIVN) to Neutral from Buy without a price target The firm cites softer long-term R2/R3 assumptions driven by softer R1 sales and negative U.S. Electric Vehicle and Emissions policy changes for the downgrade. Guggenheim remains confident in cost-reduction targets for the R2, the firm no longer has confidence in the required volumes and/or required ASPs to support the prior price target the analyst tells investors in a research note. Softening R1 demand is a modest negative for R2 and R3 volumes, and the loss of EV incentives is likely to negatively impact long-term ASP and/or volume potential as well, the firm says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIVN:
- Rivian downgraded to Neutral from Buy at Guggenheim
- JPMorgan Says to Short Tesla (TSLA), Moderna (MRNA), and 7 Other Stocks in 2025
- ‘Watch Closely,’ Says Investor About Rivian Stock
- Tesla Price Target Trimmed by Top Analyst Despite Improving U.S. Auto Outlook
- Mixed options sentiment in Rivian with shares down 1.46%