Mizuho raised the firm’s price target on Rivian (RIVN) to $13 from $11 and keeps a Neutral rating on the shares. The firm sees the U.S. rollback of China tariffs as a positive for macro demand and electric vehicle parts imports, but says lower EV subsidies in U.S. “are a challenge.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIVN:
- Rivian call volume above normal and directionally bullish
- Jefferies Downgrades Rivian Stock (RIVN) to ‘Hold’ on Clouded ‘Demand Outlook’
- Mixed options sentiment in Rivian (RIVN), with shares down $-0.04 (-0.27%) near $14.83
- UnitedHealth, Wayfair downgraded: Wall Street’s top analyst calls
- Why Rivian Automotive’s (RIVN) Tight Margins Spell Danger if EV Demand Wanes