Rivian Upgraded to Overweight by Piper Sandler; Check Point Downgraded
Piper Sandler upgraded Rivian (RIVN) to Overweight from Neutral, citing a de-risked balance sheet and improved demand outlook. The firm also raised its price target for the electric vehicle maker to $20 from $18. Jefferies similarly upgraded General Motors (GM), raising its rating to Buy with an increased price target of $99 due to strong earnings expectations in 2027. On the other hand, JPMorgan downgraded cybersecurity firm Check Point Software Technologies (CHKP) to Neutral from Overweight, citing near-term execution risks and a weakening competitive position. Caterpillar (CAT) was also downgraded by Erste Group to Hold due to declining margins in its latest quarter and limited upside potential. Other notable upgrades included Alphabet (GOOGL), Ford (F), Sirius XM (SIRI), and Visa (V). Downgrades were issued for Warner Bros. Discovery (WBD), Albertsons Companies Inc. (ACI), and Stellantis (STLA) due to various operational, competitive, and strategic concerns.
Tickers: $ACI $CAT $CHKP $F $GM $GOOGL $MBLY $RIVN $SIRI $STLA $WBD
Topics: Check Point Software Technologies Rivian stock downgrades stock upgrades Wall Street analysts