Tigress Financial keeps a Buy rating and $36 price target on Rivian Automotive, saying the firm is positive on the company’s combination of ongoing production ramp-up, expanded commercial vehicle opportunities, new lease programs, and the upcoming introduction of its R2 platform. Rivian also continues to see strong demand and business trends for its industry-leading pick-ups and SUVs, also planning to expand the development of delivery vans, the analyst tells investors in a research note.
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