Rivian upgraded to Neutral from Sell at UBS

UBS upgraded Rivian (RIVN) to Neutral from Sell with a price target of $16, up from $15, following the Q4 report. Deutsche Bank upgraded the shares this morning to Buy. Rivian’s near-term risk/reward is more balanced at current levels as UBS’s prior rating was in part valuation based, the analyst tells investors in a research note. The firm remains “excited” about Rivian’s product pipeline and the brand. It believes the company’s 2026 guidance “encapsulates some of the upside potential with downside risk.”