Rivian is downgraded by Jefferies due to downbeat demand outlook

Rivian HQ in Irvine

JasonDoiy

Rivian Automotive (NASDAQ:RIVN) dipped in early trading after Jefferies lowered its rating on the electric vehicle stock to Hold from Buy.

While analyst Philippe Houchois and his team like Rivian’s (NASDAQ:RIVN) brand equity story and software achievements, the downbeat demand

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