Downgrade alert: Jefferies pulls the ripcord at Rivian and doubts the future of demand!

Analyst Houchois doubts the long-term margins and efficiency of electric car manufacturer Rivian and therefore downgrades it! Is a setback looming?
Summarized for you
Electric car manufacturer Rivian is under pressure again: US investment bank Jefferies has lowered its rating for the company's stock from "buy" to "hold." Analyst Philippe Houchois justified the downgrade with a clouded demand outlook and the need for Rivian to sustainably improve its gross margins and operate more capital-efficiently.
Despite a price target of $16, which represents a moderate upside potential of around 7.6 percent compared to Tuesday's closing price, Houchois is critical of the stock's short-term prospects.
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wallstreetONLINE Editorial Team
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Pascal Grunow
wallstreet-online