Rivian shares bucked the trend and fell more than 1%

Tiger Newspress2021-12-07

Rivian shares bucked the trend and fell more than 1% as Ford could sell down Rivian stake to fuel its business, RBC said.

Analysts at RBC Capital on Monday raised their price target on Ford Motor Co. stock to $21, from $17, saying they continue to see upside for the auto maker. Their new valuation method includes further breaking up Ford's business, including its electric-vehicle business and investments in Rivian Automotive Inc., to value the shares, they said.

On Rivian, the analysts said they believe Ford views its investment in Rivian "as a financialone, so they may eventually sell-down to help fund Ford's organic investment or other cash calls."

Ford Chief Executive Jim Farley last month vowed that Ford would become the second largest U.S. electric-vehicle maker.

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精彩评论

  • Sharon87
    2021-12-08
    Sharon87
    I will wait for Ford to sell off Rivian and buy the dip! 
    • JL1
      Totally agree. I think there is potential in Rivian
  • bunga08
    2021-12-08
    bunga08
    Cool
  • Philentoma
    2021-12-08
    Philentoma
    Ok
  • Boo2bear
    2021-12-08
    Boo2bear
    Overvalued start off with. So natural to see sell off. 
  • Gladys8jk
    2021-12-08
    Gladys8jk
    Ok
  • andrew123
    2021-12-08
    andrew123
    Like
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