Barclays Is Souring on Rivian (RIVN) Stock

Rivian (NASDAQ:RIVN) stock is falling on Monday after the electric vehicle (EV) company’s shares were hit with a downgrade from Barclays analyst Dan Levy.That downgrade sees the Barclays analyst dropping RIVN stock from an “outperform” rating to an “equal weight” rating. That’s a more bearish stance compared to the analysts’ consensus rating of moderdate buy based on 22 opinions.In addition to that downgrade, Levy dropped the firm’s price target for RIVN stock from $16 per share to $9 per share. That’s a po ...