Rivian Automotive is trading at $13.48, up 10.86%, after UBS upgraded the stock to Buy from Neutral on November 2. - UBS kept its $17 price target, citing expected progress in the R2 ramp and automotive gross margins; morning coverage linked the upgrade to shares’ early gains. - The move also follows Rivian’s October 29 third-quarter report and raised 2026 delivery guidance. Broader markets are higher.