Rivian Automotive price target lowered to $13 from $16 at Barclays
The Fly

Rivian Automotive price target lowered to $13 from $16 at Barclays

Barclays lowered the firm’s price target on Rivian Automotive to $13 from $16 and keeps an Equal Weight rating on the shares as part of a Q3 earnings preview for the autos and mobility space. The firm continues to favor car makers over suppliers. However, suppliers face weak investor sentiment, and hopes are emerging of an end to negative estimate revisions, the analyst tells investors in a research note.

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