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LYFT

Lyft

$60.91

2.6 (4.46%)

09:12
04/23/19
04/23
09:12
04/23/19
09:12

Lyft initiated with a Buy at Jefferies

Jefferies analyst Brent Thill initiated Lyft (LYFT) with a Buy rating and $86 price target, stating that the post-IPO slide in the stock has driven its valuation to the bottom fifth of its peer group despite growth that is in the top fifth of the group. He believes that Lyft's "outsized" 39% share in a ridesharing duopoly with Uber (UBER) is durable and he sees "plenty of runway left" given that the market is only 1% penetrated in terms of miles driven.

  • 07

    May

LYFT Lyft
$60.91

2.6 (4.46%)

04/23/19
ADAM
04/23/19
INITIATION
Target $75
ADAM
Buy
Lyft initiated with a Buy at Canaccord
Canaccord analyst Michael Graham initiated Lyft with a Buy and $75 price target. In a research note to investors, Graham says he thinks Lyft has the hallmarks of an attractive long-term growth investment, including a large market opportunity with an attractive duopoly industry structure, a strong value proposition that should get better with scale, and a business model that holds "solid" room for upside.
04/23/19
KEYB
04/23/19
INITIATION
KEYB
Sector Weight
Lyft initiated with a Sector Weight at KeyBanc
KeyBanc analyst Andy Hargreaves started coverage of Lyft with a Sector Weight. While the analyst acknowledges that Lyft holds a "unique and valuable strategic position" in North American ride-sharing, he believes the large cost gap between owned cars and ride-sharing suggests that a significant portion of its profit potential will be unlocked only after the driver is removed, which likely remains several years away. In the meantime, Hargreaves expects steady deceleration in market growth and Lyft's pace of share gain, which seems likely to prevent revenue and adjusted EBITDA from meaningfully exceeding his expectations.
04/23/19
COWN
04/23/19
NO CHANGE
Target $160
COWN
Underperform
Tesla price target lowered to $160 from $170 at Cowen
Cowen analyst Jeffrey Osborne maintained an Underperform rating on Tesla (TSLA) and lowered his price target to $160 from $170 following the company's "Autonomy Day" event, saying he sees a significant amount of technology and execution risk in the shift in strategy from competing in just electrification to also beating Nvidia (NVDA) in hardware, Google (GOOGL) in software, and building a better ride-hailing service than current leaders in the sector.
04/23/19
JMPS
04/23/19
INITIATION
Target $78
JMPS
Outperform
Lyft initiated with an Outperform at JMP Securities
JMP Securities analyst Ronald Josey initiated Lyft with an Outperform rating and $78 price target, noting that the ridesharing market is increasingly becoming a duopoly and he believes Lyft can continue to grow faster than the market while acting "more rationally" with marketing, promotions, and incentives. Josey also sees near-term upside from new products and services, such as bikes and scooters, and longer-term from autonomous vehicles, he added.

TODAY'S FREE FLY STORIES

LB

L Brands

$20.18

0.285 (1.43%)

15:04
08/21/19
08/21
15:04
08/21/19
15:04
Options
L Brands options imply 17.5% move in share price post-earnings »

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HRL

Hormel Foods

$40.93

0.04 (0.10%)

, BJ

BJ's Wholesale

$22.41

0.785 (3.63%)

14:57
08/21/19
08/21
14:57
08/21/19
14:57
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

HRL

Hormel Foods

$40.93

0.04 (0.10%)

BJ

BJ's Wholesale

$22.41

0.785 (3.63%)

DKS

Dick's Sporting

$32.73

0.375 (1.16%)

03/08/13
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    Oct

SNPS

Synopsys

$131.58

1.55 (1.19%)

, SPLK

Splunk

$128.44

1.8 (1.42%)

14:56
08/21/19
08/21
14:56
08/21/19
14:56
Earnings
Notable companies reporting after market close »

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SNPS

Synopsys

$131.58

1.55 (1.19%)

SPLK

Splunk

$128.44

1.8 (1.42%)

KEYS

Keysight Technologies

$88.52

1.23 (1.41%)

ZAYO

Zayo Group

$33.79

-0.01 (-0.03%)

JWN

Nordstrom

$26.29

1.16 (4.62%)

PSTG

Pure Storage

$13.81

0.14 (1.02%)

03/08/13
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AKTS

Akoustis

$6.70

0.21 (3.24%)

14:54
08/21/19
08/21
14:54
08/21/19
14:54
Conference/Events
Akoustis Technologies to hold a business news update conference call »

Business News Update…

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  • 26

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    Sep

BREW

Craft Brew

$12.69

-0.07 (-0.55%)

, BUD

AB InBev

$95.87

0.87 (0.92%)

14:52
08/21/19
08/21
14:52
08/21/19
14:52
On The Fly
Before the Move: Watch Craft Brew ahead of AB InBev offer deadline »

According to their 2016…

BREW

Craft Brew

$12.69

-0.07 (-0.55%)

BUD

AB InBev

$95.87

0.87 (0.92%)

03/08/13
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  • 01

    Oct

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    Nov

JWN

Nordstrom

$26.29

1.16 (4.62%)

14:49
08/21/19
08/21
14:49
08/21/19
14:49
Options
Nordstrom options imply 18.9% move in share price post-earnings »

Pre-earnings options…

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  • 21

    Aug

SPY

SPDR S&P 500 ETF Trust

$292.44

2.41 (0.83%)

, SPX

S&P 500

$0.00

(0.00%)

14:46
08/21/19
08/21
14:46
08/21/19
14:46
General News
Fed minutes show July rate cut to help keep growth, insure against low inflation »

According to the minutes…

SPY

SPDR S&P 500 ETF Trust

$292.44

2.41 (0.83%)

SPX

S&P 500

$0.00

(0.00%)

SMH

Market Vectors Semiconductor

$114.59

1.16 (1.02%)

IWM

iShares Trust Russell 2000 Index Fund

$150.37

1.255 (0.84%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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AXL

American Axle

$6.75

0.1 (1.50%)

14:45
08/21/19
08/21
14:45
08/21/19
14:45
Options
American Axle call volume above normal and directionally bullish »

Bullish option flow…

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GILD

Gilead

$63.93

0.47 (0.74%)

14:41
08/21/19
08/21
14:41
08/21/19
14:41
Hot Stocks
Gilead says submitted petitions to USPTO requesting review of HHS patents »

Gilead announced that it…

03/08/13
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  • 09

    Sep

14:40
08/21/19
08/21
14:40
08/21/19
14:40
General news
Treasury Action: there was scant movement in the markets »

Treasury Action: there…

AEP

American Electric

$91.13

0.38 (0.42%)

14:36
08/21/19
08/21
14:36
08/21/19
14:36
Hot Stocks
American Electric seeks proposals for several coal types »

American Electric Power…

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03/06/13
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  • 11

    Nov

APU

AmeriGas

$31.21

-0.82 (-2.56%)

, UGI

UGI Corporation

$48.95

0.45 (0.93%)

14:32
08/21/19
08/21
14:32
08/21/19
14:32
Hot Stocks
AmeriGas unitholders approve merger with UGI Corporation »

UGI Corporation (UGI) and…

APU

AmeriGas

$31.21

-0.82 (-2.56%)

UGI

UGI Corporation

$48.95

0.45 (0.93%)

03/08/13
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GOOG

Alphabet

$1,192.55

9.12 (0.77%)

, GOOGL

Alphabet Class A

$1,193.00

8.74 (0.74%)

14:31
08/21/19
08/21
14:31
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14:31
Periodicals
Google DeepMind's Suleyman placed on leave, Bloomberg reports »

Mustafa Suleyman,…

GOOG

Alphabet

$1,192.55

9.12 (0.77%)

GOOGL

Alphabet Class A

$1,193.00

8.74 (0.74%)

03/08/13
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  • 24

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    Oct

OIH

Oil Services Holders Trust

$11.64

0.04 (0.34%)

14:30
08/21/19
08/21
14:30
08/21/19
14:30
Options
Delta neutral put sale in Oil Services ETF appears to take gains »

Delta neutral put sale in…

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JMIA

Jumia Technologies

$12.54

-2.15 (-14.64%)

14:18
08/21/19
08/21
14:18
08/21/19
14:18
On The Fly
Citron target Jumia plunges as improper orders on platform put under review »

Shares of Jumia…

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  • 21

    Aug

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
08/21/19
08/21
14:17
08/21/19
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
08/21/19
08/21
14:16
08/21/19
14:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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14:15
08/21/19
08/21
14:15
08/21/19
14:15
General news
FOMC minutes didn't provide strong clues on the direction of rates »

FOMC minutes didn't…

14:15
08/21/19
08/21
14:15
08/21/19
14:15
General news
FX Action: The dollar »

FX Action: The dollar…

WYND

Wyndham Destinations

$42.79

0.21 (0.49%)

14:11
08/21/19
08/21
14:11
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14:11
Hot Stocks
Wyndham Destinations to add 140 jobs in Orlando expansion »

Wyndham Destinations…

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  • 29

    Aug

SPY

SPDR S&P 500 ETF Trust

$292.47

2.44 (0.84%)

, SPX

S&P 500

$0.00

(0.00%)

14:04
08/21/19
08/21
14:04
08/21/19
14:04
General news
Fed minutes show 'couple of participants' would have preferred 50 bps rate cut »

The minutes for the…

SPY

SPDR S&P 500 ETF Trust

$292.47

2.44 (0.84%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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VLKAY

Symbol is now VWAGY

$0.00

(0.00%)

, POAHY

Porsche

$0.00

(0.00%)

14:03
08/21/19
08/21
14:03
08/21/19
14:03
Hot Stocks
Porsche acquires minority stake in Israeli startup TriEye »

Volkswagen's (VLKAY)…

VLKAY

Symbol is now VWAGY

$0.00

(0.00%)

POAHY

Porsche

$0.00

(0.00%)

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SPY

SPDR S&P 500 ETF Trust

$292.42

2.39 (0.82%)

, SPX

S&P 500

$0.00

(0.00%)

14:02
08/21/19
08/21
14:02
08/21/19
14:02
General news
Fed minutes show July rate cut viewed by 'most' on FOMC as 'recalibration' »

The minutes for the…

SPY

SPDR S&P 500 ETF Trust

$292.42

2.39 (0.82%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
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03/06/13
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PFE

Pfizer

$35.06

0.44 (1.27%)

14:01
08/21/19
08/21
14:01
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14:01
Hot Stocks
Pfizer says FDA grants XTANDI application priority review »

Astellas Pharma and…

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  • 28

    Aug

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TGT

Target

$102.13

16.555 (19.35%)

13:52
08/21/19
08/21
13:52
08/21/19
13:52
Recommendations
Target analyst commentary at Baird »

Target price target…

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