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Fly News Breaks for March 3, 2020
LYFT
Mar 3, 2020 | 15:12 EDT
Piper Sandler analyst Alexander Potter noted the Lyft's CFO said at a competitor firm's conference this afternoon that the company has yet to experience any negative impact from the coronavirus and that last week was actually "the best week in the company's history." Potter sees this potentially being due to consumers shifting ridership away from public transit. Adding that Lyft reiterated its guidance at the event, Potter reiterates his Overweight rating and $63 price target on Lyft shares.
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