JPMorgan Just Cut Its Price Target on Rivian (RIVN) Stock

Last week’s winning streak seems to be continuing for Rivian Automotive (NASDAQ:RIVN), even in the face of shifting Wall Street sentiment. Last week ended with a downgrade from Barclays, and now JPMorgan is following suit. The financial sector giant has reduced its RIVN stock price target from $11 to $10 per share. While this is not a massive downgrade and still leaves the investment bank with a bullish price target, trading proved volatile for Rivian as markets opened today. But the electric vehicle (EV) p ...