TD Cowen says buy Rivian stock ahead of R2 launch

Rivian Automotive Inc (NASDAQ: RIVN)) is inching higher on Tuesday after a senior TD Cowen analyst issued a bullish note in its favour. As Itay Michaeli upgraded RIVN to “buy”, it pushed past its major moving averages (50-day, 100-day) on March 10th, indicating the upward momentum could sustain in the near-term.