Rivian (RIVN) Stock Slides Following Deutsche Bank Downgrade

Rivian (NASDAQ:RIVN) stock is slipping on Wednesday after the company’s shares were hit with a downgrade from Deutsche Bank analysts.These analysts downgraded shares of RIVN stock from a “buy” rating to a “hold” rating today. For the record, the analysts’ consensus rating for RIVN shares is moderate buy.In addition to that downgrade, the Deutsche Bank analysts also dropped the price target for RIVN stock from $29 per share to $19 per share. That’s still a potential 6.6% increase over its prior closing price ...