JPMorgan Chase lowers Rivian's target price from $10 to $9.
J.P. Morgan has lowered the target price for Rivian Automotive's Class A shares from $10 to $9, while maintaining an "underweight" rating. The new target price implies a 26% decrease from the stock's latest price. Rivian's quarterly earnings announced on August 5 fell short of expectations, but sales exceeded expectations.
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