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Rivian extends post-earnings rally after UBS flips bullish

Context

What happened: Rivian Automotive ($RIVN) rose in Monday morning trading after UBS upgraded the stock to Buy from Hold. Why it matters: Analyst Joseph Spak and his team said initial R2 demand looks solid, which they view as a positive signal. The upgrade extends the stock's post-earnings rally.

What changed

Rivian Automotive ($RIVN) rose in Monday morning trading after UBS upgraded the stock to Buy from Hold.

Why it matters

Analyst Joseph Spak and his team said initial R2 demand looks solid, which they view as a positive signal. The upgrade extends the stock's post-earnings rally.

Sources

seekingalpha