UBS Upgrades Rivian to Buy, Maintains $17 Price Target
UBS raised its rating on Rivian to Buy from Neutral, maintaining a $17 price target. Analyst Joseph Spak cited valuation and the stock’s 19% decline over the past month as a buying opportunity ahead of the R2 ramp.
Rivian Automotive (RIVN) was in focus on Monday after UBS upgraded the stock to ‘Buy’ from ‘Neutral,’ while maintaining its $17 price target.According to The Fly, analyst Joseph Spak cited valuation and viewed Rivian’s 19% sell-off over the past month as a buying opportunity ahead of an inflection…