CFRA Reaffirms Sell Rating on Rivian and Maintains $8 Price Target
Tuesday, 2 July 2024, 15:08
Analysis of CFRA's Latest Recommendation
In a recent update, CFRA has reiterated their sell rating on Rivian, along with maintaining a price target of $8.
Key Points:
- CFRA maintains a bearish outlook on Rivian's stock.
- The $8 price target indicates a significant downside potential.
- Investors are cautioned about the risks associated with Rivian's performance.
In conclusion, CFRA's sell rating and price target reaffirm the ongoing challenges facing Rivian, signaling caution for prospective investors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.