UBS Upgrades Rivian to Buy, Keeps $17 Price Target
UBS analyst Joe Spak upgraded Rivian to Buy from Hold and maintained a $17 price target. Rivian shares rose 6% in early trading to $12.88.
By Al RootNew models can boost Rivian Automotive stock, regardless of what happens to U.S. electric-vehicle policy.UBS analyst Joe Spak upgraded Rivian stock to Buy from Hold on Monday, keeping his price target at $17 a share.Rivian stock rose 6% in early trading at $12.88 a share, while the S&P 50…