EV Stock Sinks as Analyst Voices Long-Term Uncertainty

Shares of electric vehicle (EV) maker Rivian Automotive Inc (NASDAQ:RIVN) are sinking this morning, off 2.6% at $11.06, at last check. Driving the shares lower is a downgrade to "neutral" from "overweight" and price-target cut to$13 from $19 out of Piper Sandler, the brokerage citing unidentifiable growth catalysts for 2025, brushing off the company's broader strategic strengths.RIVN posted a narrower-than-expected fourth-quarter loss back in February, but the beat was overshadowed by a grim delivery forec ...