Cantor Fitzgerald cuts price targets on Rivian and Intel but keeps Neutral ratings
Cantor Fitzgerald kept Neutral ratings on Rivian and Intel, cutting the Rivian target to $16 from $19 and the Intel target to $90 from $125.
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what happened
Cantor Fitzgerald kept its Neutral rating on Rivian Automotive shares and lowered its price target to $16 per share from $19. Dow Jones Newswires reports the change, citing Benzinga.
The same broker maintained its Neutral rating on Intel but reduced its price target on the company's shares to $90 from $125 per share. The Dow Jones Newswires items time the changes at 11:02 and 11:19 GMT on October 30.
why it matters
Revisions like these reflect an analyst updating his or her view of fair value, not any decision taken by the companies themselves. A Neutral rating signals no clear recommendation to buy or sell, so the market impact is usually limited.
tags
instruments
sources
- Rivian Automotive Is Maintained at Neutral by Cantor Fitzgerald — Dow Jones Newswires, 30 October 2026 at 11:02 UTC
- Intel Is Maintained at Neutral by Cantor Fitzgerald — Dow Jones Newswires, 30 October 2026 at 11:19 UTC
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