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Fly News Breaks for January 9, 2020
LYFT
Jan 9, 2020 | 08:39 EDT
As previously reported, Benchmark analyst Michael Ward initiated coverage of Lyft with a Sell rating and $35 price target. The company's revenue growth rate has been declining steadily since 2016 and he expects that trend to continue for "the foreseeable future." Meanwhile, payouts for insurance claims rose 134% to $350M in the first nine months of 2019 and he believes that the combination of slowing growth and increased insurance payouts growth will further compress the stock's multiple, Ward tells investors.
News For LYFT From the Last 2 Days
LYFT
Apr 24, 2024 | 08:02 EDT
