UBS raised the firm’s price target on Rivian Automotive (RIVN) to $14 from $11 and keeps a Neutral rating on the shares. Industry challenges are well documented, but the firm sees the case, for the first time in over a year, for positive North America production revisions at some point, the analyst tells investors in a research note. While still a mixed picture globally, a stronger U.S. market can lead to home bias on U.S. auto stocks, the firm says.
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