Piper Sandler upgrades Rivian, Mobileye on edge over legacy automakers

Investing.com -- Piper Sandler upgraded Rivian and Mobileye to “overweight” from “neutral” while downgrading Stellantis to “underweight” from “overweight,” citing a preference for vertically integrated automakers over legacy multi-brand manufacturers facing competition from Chinese rivals. Analysts raised Rivian’s price target to $20 from $18, based on a discounted cash flow model.
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Investing.com -- Piper Sandler upgraded Rivian and Mobileye to “overweight” from “neutral” while downgrading Stellantis to “underweight” from “overweight,” citing a preference for vertically integrated automakers over legacy multi-brand manufacturers facing competition from Chinese rivals. Analysts raised Rivian’s price target to $20 from $18, based on a discounted cash flow model. Three factors drove the change: Rivian boosted delivery guidance amid higher gasoline prices and renewed interest in electric vehicles, the company appeared to avoid launch issues with its new R2 SUV, and a recent capital raise is expected to fund growth while reducing dilution risk. The firm said rising volume should help Rivian better monetize software and services.
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- Investing.com -- Piper Sandler upgraded Rivian and Mobileye to “overweight” from “neutral” while downgrading Stellantis to “underweight” from “overweight,” citing a preference for vertically integrated automakers over legacy multi-brand manufacturers facing competition from Chinese rivals. Analysts raised Rivian’s price target to $20 from $18, based on a discounted cash flow model.
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- 1 outlet, average source rating 6.0/10.
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- 7m ago.
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Piper Sandler upgrades Rivian, Mobileye on edge over legacy automakers
Sources1TypeCoverageInvesting.com · Stock Market