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Fly News Breaks for December 3, 2019
UBER, LYFT
Dec 3, 2019 | 06:24 EDT
Piper Jaffray analyst Alexander Potter lowered Lyft's (LYFT) price target to $60 from $79 after taking over coverage of the name from Michael Olson. The analyst, however, reiterates an Overweight rating on the shares. Relative to Neutral-rated Uber Technologies (UBER), Lyft is pursuing a simpler business model with fewer speculative spending initiatives, Potter tells investors in a research note. As a result, while Llyft has less scale, it has a "more believable path to profitability," contends the analyst.
News For LYFT;UBER From the Last 2 Days
LYFT
Apr 24, 2024 | 08:02 EDT
UBER
Apr 24, 2024 | 07:48 EDT
Jefferies raised the firm's price target on Uber to $103 from $100 and keeps a Buy rating on the shares. Results should display continued focus on using non-core investments to drive elevated GBV growth, though avoiding a material drop in incremental margins is key to keep investors positive, the analyst tells investors in a preview note for the U.S. Internet group.
