Piper Sandler's Alexander Potter lowered his rating on Rivian to Hold from Buy, cutting the price target from $16 to $13 amidst poor stock performance.
Live Markets: S&P 500 Reverses, NKLA Reels, HIMS Soars
The markets are trading lower with the S&P 500 retreating from its recently minted record high levels while the negative sentiment has also spilled over to the Dow Jones Industrial Average and Nasdaq.
