
Rivian Gains After TD Cowen Upgrades to Buy on R2 Growth Outlook
Rivian (RIVN) jumped ~7% after TD Cowen upgraded to Buy, arguing the next US EV demand upcycle may arrive sooner than expected, driven by the upcoming R2 SUV (launching H1 2026 at about $45k) which could lift annual U.S. deliveries well above current estimates and lift 2027 projections; the move comes as Rivian has fallen ~20% YTD, offering an attractive entry, though the broader consensus remains Hold with limited upside.
