Wells Fargo analyst Colin Langan expects shares of Rivian (RIVN) Automotive to trade lower today after the company reduced its 2025 delivery guidance to 43,000 from 48,500 at the midpoint. The stock in morning trading is unchanged at $13.50. In addition, the underlying EBITDA beat in Q1 is likely viewed as in line, the analyst tells investors in a research note. Rivian’s guidance reflects management’s view on the impact of current regulatory policy on consumer demand, contends Wells. The firm keeps an Equal Weight rating on Rivian with a $14 price target
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