Rivian Faces Caution From Morgan Stanley Ahead of R2 Debut
TL;DR Summary
Morgan Stanley remains cautious on Rivian (RIVN) ahead of the March 12 launch of the R2, maintaining an Underweight rating with a $12 target and citing ramp-up profitability risks, while the broader Street shows a Hold with an average target around $17.32, suggesting modest upside despite near-term hurdles.
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