US Top Rating Updates on 11/30: RIVN, CRWD, LCID, DOCU and More

Evercore ISI analyst Chris McNally initiated coverage of $Rivian Automotive (RIVN.US)$ with an In Line rating and $35 price target. Rivian represents the largest and most well-funded company of the 3 new EV entrants he is launching coverage on, with its R1T pickup garnering "rave reviews" and the R1S SUV launch ongoing, McNally said.

Stifel analyst Brad Reback downgraded $CrowdStrike (CRWD.US)$ to Hold from Buy with a price target of $120, down from $225. The company last night posted a "disappointing quarter," with a sales beat well below historical trends and its first annual recurring revenue miss, Reback tells investors in a research note.

Evercore ISI analyst Chris McNally initiated coverage of $Lucid Group (LCID.US)$ with an In Line rating and $12 price target. Lucid has both extensive vertical integration and a leading e-powertrain aimed at the ultra-premium EV segment, said McNally, who adds that Lucid epitomizes an "aspirational EV". His In Line rating comes "with a slight negative bias," as Lucid has "a long way to go on both" addressable market expansion and high funding needs, the analyst added.