BUZZ-Rivian rises after TD Cowen raises PT, sees strong R2 demand

Reuters

03/10

BUZZ-<a href="https://laohu8.com/S/RIVN">Rivian</a> rises after TD Cowen raises PT, sees strong R2 demand

** Shares of EV maker Rivian RIVN.O rise 5% to $16.67 in premarket trading

** TD Cowen upgrades rating to 'Buy' from 'Hold'; lifts PT to $20 from $17

** Brokerage estimates R2 demand at 212k–335k units once production scales, suggesting upside to 2028 consensus

** "We believe US EV sentiment is approaching a bottom, with the next phase of demand growth likely coming sooner than some might think (2027-28)," TD Cowen said

** Up to last close, stock had fallen about 20% YTD

(Reporting by Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

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