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UBER

Uber

$42.15

-0.35 (-0.82%)

, LYFT

Lyft

$58.38

0.295 (0.51%)

19:05
06/12/19
06/12
19:05
06/12/19
19:05

Uber, Lyft execs discuss driver employment status issues in SF Chronicle op-ed

In an op-ed in the San Francisco Chronicle, Uber (UBER) CEO Dara Khosrowshahi and Lyft (LYFT) founders Logan Green and John Zimmer argued against proposals to turn independent workers, which currently defines their drivers, into employees, saying that such a reclassification misses two key points, namely that most drivers prefer freedom and flexibility to the forced schedules and rigid hourly shifts of traditional employment, and that many drivers are supplementing income from other jobs. In the piece, the Uber and Lyft executives said that they can "make independent work better if we updated century-old employment ideas," noting that a change to the employment classification of their drivers "would pose a risk to our businesses." "Today in California, we have an opportunity to work with legislators and labor groups to find a different solution that preserves drivers' ability to work independently if they choose to do so while improving the quality and security of their work," Khosrowshahi, Green, and Zimmer wrote. "We can start by ensuring that all workers, regardless of classification, are protected. Amending existing law to allow for a system of worker-determined benefits - from paid time off to retirement planning to lifelong learning - could deliver a measure of security that independent workers currently lack." Reference Link

UBER

Uber

$42.15

-0.35 (-0.82%)

LYFT

Lyft

$58.38

0.295 (0.51%)

  • 13

    Jun

UBER Uber
$42.15

-0.35 (-0.82%)

06/10/19
RAJA
06/10/19
NO CHANGE
RAJA
Outperform
Uber streamlining earlier than expected, but makes sense, says Raymond James
Raymond James analyst Justin Patterson noted that Uber announced organizational changes, including the exits of the COO and CMO and the expansion of roles for some other leaders. While the earlier than expected timing, just a month after the IPO, "likely emboldens bears," he thinks the moves themselves make sense, Patterson tells investors. The analyst, who sees fundamentals being set to improve in the second half, things concerns will diminish after consecutive quarters of improved results and keeps an Outperform rating on Uber shares.
06/10/19
JMPS
06/10/19
NO CHANGE
Target $54
JMPS
Outperform
Uber streamlining should be a positive, says JMP Securities
JMP Securities analyst Ronald Josey said he was surprised to see both Uber's COO and CMO leave the company, but he also views the executive moves as a sign that the core Rides business is on stronger footing than several years ago. Noting that in the streamlined organizational structure CEO Dara Khosrowshahi will be taking a more active operational role, Josey said he thinks the new structure should be an overall positive. He keeps an Outperform rating and $54 price target on Uber shares.
06/12/19
EVER
06/12/19
INITIATION
Target $60
EVER
Outperform
Uber initiated with an Outperform at Evercore ISI
Evercore ISI started Uber Technologies with an Outperform rating and $60 price target.
06/12/19
EVER
06/12/19
INITIATION
EVER
Outperform
Evercore starts Lyft and Uber at Outperform, sees 'powerful' near-term catalysts
Evercore ISI analyst Benjamin Black initiated coverage of both Lyft (LYFT) and Uber Technologies (UBER) with Outperform ratings. The analyst put a $74 price target on Lyft and a $60 price target on Uber. The stocks closed today up 34c to $58.41 and down 35c to $42.17, respectively. The ride-hailing space has "powerful" near-term catalysts, which could drive a re-rating of both stocks, Black tells investors in a research note. The pricing environment is "quietly improving," incentives are maturing, and both Uber and Lyft can hit profitability sooner than consensus expectations, says Black.
LYFT Lyft
$58.38

0.295 (0.51%)

06/11/19
SUSQ
06/11/19
UPGRADE
Target $80
SUSQ
Positive
Lyft upgraded to Positive from Neutral at Susquehanna
Susquehanna analyst Shyam Patil upgraded Lyft to Positive from Neutral and raised his price target for the shares to $80 from $57.
06/11/19
06/11/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Facebook (FB) upgraded to Buy from Neutral at MoffettNathanson. 2. Red Rock Resorts (RRR) upgraded to Buy from Neutral at Goldman Sachs with analyst Stephen Grambling saying he sees 35% total return potential in the stock as he believes a successful Palms ramp and free cash flow "inflection" in 2020 can drive a "sustained re-rating." 3. JetBlue (JBLU) upgraded to Buy from Neutral at Citi with analyst Kevin Crissey saying JetBlue has positive catalysts to support incremental buyers with a range of time horizons and investment styles. 4. Lyft (LYFT) upgraded to Positive from Neutral at Susquehanna. 5. Dollar Tree (DLTR) resumed with an Overweight from Neutral at JPMorgan with analyst Matthew Boss saying he expects an inflection to high-single net income growth and low-double-digit consolidated earnings growth beyond fiscal 2019 as the Dollar Tree offers stability and Family Dollar improves. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/12/19
EVER
06/12/19
INITIATION
Target $74
EVER
Outperform
Lyft initiated with an Outperform at Evercore ISI
Evercore ISI started Lyft with an Outperform rating and $74 price target.

TODAY'S FREE FLY STORIES

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
06/24/19
06/24
11:17
06/24/19
11:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
06/24/19
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11:16
Technical Analysis
NYSE market internals summary »

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UPS

UPS

$100.87

-1.29 (-1.26%)

11:15
06/24/19
06/24
11:15
06/24/19
11:15
Options
UPS put volume heavy and directionally bearish »

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11:15
06/24/19
06/24
11:15
06/24/19
11:15
General news
Breaking General news story  »

6-Month Bill Auction to…

11:15
06/24/19
06/24
11:15
06/24/19
11:15
General news
Breaking General news story  »

3-Month Bill Auction to…

SRPT

Sarepta

$127.90

-2.01 (-1.55%)

, PFE

Pfizer

$43.59

-0.09 (-0.21%)

11:11
06/24/19
06/24
11:11
06/24/19
11:11
On The Fly
Before the Move: Watch Sarepta ahead of Pfizer's DMD gene therapy data »

Ahead of the Parent…

SRPT

Sarepta

$127.90

-2.01 (-1.55%)

PFE

Pfizer

$43.59

-0.09 (-0.21%)

SLDB

Solid Biosciences

$4.91

-0.07 (-1.41%)

03/08/13
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GLW

Corning

$33.15

-0.1 (-0.30%)

11:08
06/24/19
06/24
11:08
06/24/19
11:08
Recommendations
Corning analyst commentary  »

Drop in LCD TV panel…

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TSN

Tyson Foods

$81.18

1.87 (2.36%)

11:05
06/24/19
06/24
11:05
06/24/19
11:05
Options
Tyson Foods call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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BMY

Bristol-Myers

$45.86

-3.5 (-7.09%)

, CELG

Celgene

$94.16

-4.76 (-4.81%)

10:59
06/24/19
06/24
10:59
06/24/19
10:59
Periodicals
Bristol-Myers' merger headaches could be 'contagious,' STAT News says »

Bristol-Myers Squibb…

BMY

Bristol-Myers

$45.86

-3.5 (-7.09%)

CELG

Celgene

$94.16

-4.76 (-4.81%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 27

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    Apr

LN

Line Corp.

$28.08

-0.17 (-0.60%)

10:54
06/24/19
06/24
10:54
06/24/19
10:54
Upgrade
Line Corp. rating change  »

Line Corp. now fairly…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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FXI

iShares China Large-Cap ETF

$42.65

0.15 (0.35%)

10:50
06/24/19
06/24
10:50
06/24/19
10:50
Options
Heavy call volume in China Largecap ETF adjusts existing position »

Heavy call volume in…

03/08/13
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PAVM

PAVmed

$1.24

0.015 (1.22%)

10:49
06/24/19
06/24
10:49
06/24/19
10:49
Hot Stocks
PAVmed announces FDA 510(k) clearance for EsoCheck »

PAVmed announced that its…

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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  • 26

    Jun

LN

Line Corp.

$28.08

-0.17 (-0.60%)

10:46
06/24/19
06/24
10:46
06/24/19
10:46
Upgrade
Line Corp. rating change at Goldman Sachs »

Line Corp. upgraded to…

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DBX

Dropbox

$25.29

0.3 (1.20%)

10:45
06/24/19
06/24
10:45
06/24/19
10:45
Options
Dropbox call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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10:45
06/24/19
06/24
10:45
06/24/19
10:45
General news
U.S. Dallas Fed manufacturing index dropped another 6.8 points to -12.1 in June »

U.S. Dallas Fed…

AMZN

Amazon.com

$1,906.00

-4.42 (-0.23%)

, ULTA

Ulta Beauty

$354.70

-1.07 (-0.30%)

10:41
06/24/19
06/24
10:41
06/24/19
10:41
Hot Stocks
Amazon Business launches Amazon Professional Beauty Store »

Amazon (AMZN) has…

AMZN

Amazon.com

$1,906.00

-4.42 (-0.23%)

ULTA

Ulta Beauty

$354.70

-1.07 (-0.30%)

SBH

Sally Beauty

$14.65

-0.14 (-0.95%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 25

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AEGN

Aegion

$16.86

0.17 (1.02%)

10:38
06/24/19
06/24
10:38
06/24/19
10:38
Hot Stocks
Aegion appoints John Heggemann Chief Accounting Officer »

Aegion Corporation…

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10:37
06/24/19
06/24
10:37
06/24/19
10:37
General news
Dallas Fed Mfg Survey General Activity Index data reported »

June Dallas Fed Mfg…

NOW

ServiceNow

$282.05

-3.7 (-1.29%)

10:35
06/24/19
06/24
10:35
06/24/19
10:35
Options
ServiceNow put volume heavy and directionally bearish »

Bearish flow noted in…

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BHVN

Biohaven Pharmaceutical

$40.80

-0.26 (-0.63%)

10:33
06/24/19
06/24
10:33
06/24/19
10:33
Conference/Events
Biohaven Pharmaceutical management to meet with Oppenheimer »

Meeting to be held in…

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  • 26

    Jun

LVS

Las Vegas Sands

$59.26

0.08 (0.14%)

10:25
06/24/19
06/24
10:25
06/24/19
10:25
Options
Las Vegas Sands call volume above normal and directionally bullish »

Bullish option flow…

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SPLK

Splunk

$123.84

-0.41 (-0.33%)

, HMSY

HMS Holdings

$31.56

-0.3 (-0.94%)

10:24
06/24/19
06/24
10:24
06/24/19
10:24
Initiation
Fly Intel: Top five analyst initiations »

Catch up on today's…

SPLK

Splunk

$123.84

-0.41 (-0.33%)

HMSY

HMS Holdings

$31.56

-0.3 (-0.94%)

CNCE

Concert Pharmaceuticals

$11.60

0.7 (6.42%)

AWI

Armstrong World

$97.57

-0.25 (-0.26%)

RMTI

Rockwell Medical

$3.03

0.04 (1.34%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 24

    Jun

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    Jul

SON

Sonoco

$64.65

-0.75 (-1.15%)

, OXY

Occidental Petroleum

$50.26

-0.36 (-0.71%)

10:24
06/24/19
06/24
10:24
06/24/19
10:24
Downgrade
Fly Intel: Top five analyst downgrades »

Catch up on today's…

SON

Sonoco

$64.65

-0.75 (-1.15%)

OXY

Occidental Petroleum

$50.26

-0.36 (-0.71%)

IP

International Paper

$42.60

-1.02 (-2.34%)

SHOP

Shopify

$314.70

-11.98 (-3.67%)

SPOT

Spotify

$149.34

1.17 (0.79%)

03/08/13
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UTX

United Technologies

$129.86

1.08 (0.84%)

, DE

Deere

$167.61

3.32 (2.02%)

10:24
06/24/19
06/24
10:24
06/24/19
10:24
Upgrade
Fly Intel: Top five analyst upgrades »

Catch up on today's…

UTX

United Technologies

$129.86

1.08 (0.84%)

DE

Deere

$167.61

3.32 (2.02%)

AGCO

Agco

$76.46

1.75 (2.34%)

RCII

Rent-A-Center

$24.45

0.27 (1.12%)

TWNK

Hostess Brands

$14.14

0.25 (1.80%)

DNKN

Dunkin' Brands

$80.65

1.11 (1.40%)

03/08/13
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  • 24

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HD

Home Depot

$208.70

-0.75 (-0.36%)

10:23
06/24/19
06/24
10:23
06/24/19
10:23
Hot Stocks
Breaking Hot Stocks news story on Home Depot »

Home Depot CEO says…

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