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Rivian Hammered by Another Downgrade

Summary by 247wallst.com
A Jefferies analyst has downgraded the stock of troubled electric vehicle maker Rivian Automotive Inc. (NASDAQ: RIVN) from Buy to Hold. The analyst who made the decision said demand could be soft. However, recent cost cuts helped keep the outlook from falling further. The target price Jefferies has on Rivian was $16, but the stock trades for just below $15 now. That is hardly an endorsement of its prospects. 24/7 Wall St. Key Points: A Jefferi…

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CNBC broke the news in United States on Wednesday, May 14, 2025.
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