Rivian price target raised to $17 from $13 at TD Cowen

Core Viewpoint - TD Cowen analyst Itay Michaeli raised the price target on Rivian (RIVN) to $17 from $13 while maintaining a Hold rating on the shares, indicating a positive outlook despite recent market sentiment challenges [1] Group 1: Price Target and Rating - The price target for Rivian has been increased to $17 from $13 [1] - The firm maintains a Hold rating on Rivian shares [1] Group 2: Performance and Guidance - Rivian posted encouraging outcomes against a backdrop of recent sentiment weakness [1] - The 2026 guidance is largely in line with consensus but better than feared, particularly regarding concerns over EV and R1 cannibalization [1]