RIVN - PIPER SANDLER UPGRADES RIVIAN Piper Sandler upgrades RIVN to Overweight and raises its price target to $20 (from $18). The firm cites

RIVN - PIPER SANDLER UPGRADES RIVIAN Piper Sandler upgrades RIVN to Overweight and raises its price target to $20 (from $18). The firm cites stronger EV demand, a smooth R2 SUV launch, and a stronger balance sheet after Rivian's recent capital raise. Piper also expects higher vehicle volumes to boost software and services revenue over time.