Deutsche Just Slashed Its Price Target on Rivian (RIVN) Stock

Today’s price action in the market has been rather turbulent, for many key sectors. In the electric vehicle (EV) space, companies are seeing varying moves, with Rivian (NASDAQ:RIVN) moving up alongside the broader sector. At the time of this writing, RIVN stock is up around 0.5% despite a rather bearish recent analyst note from Deutsche Bank today. Deutsche Bank lowered its price target from $19 to the $16 level while maintaining a “hold” rating on RIVN stock. This downgrade appears to be tied to Rivian’s r ...