News Snapshot:
Mizuho analyst Vijay Rakesh became little less bullish on electric vehicle makers Tesla Inc. TSLA, Rivian Automotive Inc. RIVN, and China-based NIO Inc. NIO, on Monday, citing the negative effects of continued COVID-19-related Shanghai shutdowns and supply chain constraints. Although Rakesh reiterated his buy ratings on all three EV makers, he cut his stock price targets on Tesla to $1,150 to $1,300, on Rivian to $70 from $80 and on NIO to $48 from $55. Rakesh also slashed his June quarter deliveries estimate to 232,000 from approximately 296,000 and his calendar-2022 estimate to 1.25 million from 1.40 million. June-quarter delivery...
