Canaccord raised the firm’s price target on Rivian Automotive (RIVN) to $30 from $20 and keeps a Buy rating on the shares. It is not overstating the case to describe Rivian’s partnership with Volkswagen (VWAGY) as “monumental,” the analyst tells investors in a research note. The firm calls it an “underappreciated game-changer of a transaction.” Rivian is not one of the electric vehicle “walking dead,” as it a profitable high-volume manufacturer and auto systems supplier, contends Canaccord.