Canaccord lowered the firm’s price target on Rivian Automotive (RIVN) to $23 from $28 and keeps a Buy rating on the shares. The firm said he quarter was messy as expected due to a pesky supply issue, which also negatively impacted the company’s full-year EBITDA.
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Read More on RIVN:
- Rivian Automotive price target lowered to $18 from $20 at Baird
- Rivian Automotive downgraded to Neutral at BofA on regulatory credit risk
- Rivian Automotive downgraded to Neutral from Buy at BofA
- Rivian’s Q3 2024 Results and Future Outlook
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