Mizuho analyst Vijay Rakesh lowered the firm’s price target on Rivian Automotive (RIVN) to $10 from $11 and keeps a Neutral rating on the shares. The 90-day pause on reciprocal tariffs does not apply to auto and auto parts, implying continued uncertainty and negative impacts to automotive and analog stocks, the analyst tells investors in a research note. The firm cut estimates across the sector.
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