** Electric automaker Rivian Automotive's shares rise 6.7% to $9.84
** Co receives $827 mln in incentives from the State of Illinois to expand operations at its Normal facility in the state
** Its less expensive R2 model unveiled in March would be produced at its first plant in Normal, Illinois
** 15 of 28 brokerages rate the stock "buy" or higher, 11 "hold" and 2 "sell" or lower; their median PT is $17
** Stock down ~59.1% YTD
(Reporting by Arsheeya Bajwa in Bengaluru)
((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))
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