BUZZ-Rivian up as DA Davidson upgrades stock after recent slide

Reuters04-01
BUZZ-<a href="https://laohu8.com/S/RIVN">Rivian</a> up as DA Davidson upgrades stock after recent slide

** Shares of electric vehicle maker Rivian Automotive RIVN.O up 2.5% at $15.42 premarket

** Brokerage DA Davidson upgrades stock to "Neutral" from "Underperform", citing a recent drop

** The stock has fallen ~34% since December 22, when it hit the highest of 2025 and ~10% since announcing prices of its R2 compact SUV on March 12

** Rivian will begin delivering its more affordable R2 SUV this spring with a variant priced at $57,990 and roll out cheaper options next year

** "Much of the recent downside to the shares have come from a mixed-at-best investor reaction to the pricing of early R2 trims, which we believe for some consumers were 55% higher than expected" - DA Davidson

** Stock has an average rating of "Hold" with a median price target of $17.90 - data compiled by LSEG

** Co set to report quarterly deliveries on Thursday

** Up to last close, stock was down ~24% this year

(Reporting by Akash Sriram in Bengaluru)

((akash.sriram@thomsonreuters.com))

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