Mizuho analyst Vijay Rakesh downgraded Rivian (RIVN) to Underperform from Neutral with a price target of $10, down from $14. The firm cites slowing electric vehicle demand as Inflation Reduction Act credits expire for the downgrade. Mizuho sees headwinds in 2026 for Rivian due to with softer auto sales in North America and China risks. It cut Rivian’s 2026 deliveries forecast to 60,000 units from 68,000, below the consensus of 72,000.
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