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UBER

Uber

$29.13 /

-0.44 (-1.49%)

07:00
11/26/19
11/26
07:00
11/26/19
07:00

Uber likely to prevail in court after London suspension, says Mizuho

Mizuho analyst James Lee believes Uber Technologies will likely prevail in the courts after Transport for London declined its license renewal. The driver safety issue is immaterial relative to total rides in London, and Uber already resolved the problem, Lee tells investors in a research note. Further, Uber has a positive history of winning court decisions, gaining a provisional license in 2018, adds the analyst. He also thinks the appeal process should be less difficult this year "as the scope and scale of concerns are much smaller than last year." Lee believes Uber shares are undervalued and keeps a Buy rating on the name with a $45 price target.

  • 04

    Dec

  • 04

    Dec

UBER Uber
$29.13 /

-0.44 (-1.49%)

11/22/19 STFL
Uber upgraded to Buy from Hold at Stifel
11/22/19 STFL
Stifel upgrades Uber to Buy from Hold on improving fundamentals
11/22/19
Fly Intel: Top five analyst upgrades
11/25/19 LOOP
Uber price target lowered to $41 from $48 at Loop Capital

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