Barclays downgraded Rivian Automotive ($RIVN) due to a broader EV market slowdown and softened demand. Analyst Dan Levy lowered the price target by $9 to $16, citing supply constraints as a near-term challenge. Morgan Stanley reiterated an overweight rating on Rivian but highlighted the need for substantial funding to complete its Georgia plant. Ford was initiated as a top pick by Morgan Stanley amid the EV demand slowdown.
$RIVN Morgan Stanley reiterates Rivian as overweight Morgan Stanley said it’s standing by its overweight rating on the stock, but that the company will need “substantial funding” to complete its Georgia plant. “According to our model, Rivian will need substantial outside funding…
$F Morgan Stanley initiates Ford as a top pick Morgan Stanley said it’s standing by its top pick status on Ford. “In our view, the continued slowdown of EV demand may cause legacy OEMs [orginal equipment manufacturers] to look for new ways to spend less and/or spread similar…
Rivian can’t avoid the ‘EV winter,’ Barclays warns in downgrade of its stock https://t.co/O1kMbrYreY
$RIVN Barclays downgrades Rivian Automotive amid broader EV market slowdown Supply constraints are just one near-term headwind for Rivian Automotive , according to Barclays. Analyst Dan Levy downgraded shares to equal weight from overweight. He also lowered his price target… https://t.co/ZilSa83SRy
BARCLAYS: “.. great product and tech is not enough to avoid the EV winter. .. recent data points .. indicate softened demand. .. Not only does it mean that the volume outlook is challenged, but it also presents potential pricing risk ..” Cuts $RIVN to Equal weight #EVwinter ⛄️ https://t.co/9pCTVfNuHr
Barclays downgrades $RIVN amid broader EV market slowdown Supply constraints are just one near-term headwind. Analyst Dan Levy downgraded shares to equal weight from overweight. He also lowered his price target by $9 to $16. https://t.co/62WCeQrTDX