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UBER

Uber

$29.68

0.55 (1.89%)

, LYFT

Lyft

$49.27

0.32 (0.65%)

14:17
11/26/19
11/26
14:17
11/26/19
14:17

Chicago approves new congestion tax on ride-hailing, Reuters reports

Chicago Mayor Lori Lightfoot's plan to impose new surcharges on weekday ride-hailing rides in the downtown area won city council approval on Tuesday, reported Reuters. Uber Technologies (UBER) and Lyft (LYFT) have opposed the tax, claiming it would hurt low-income residents, the report noted. Reference Link

UBER

Uber

$29.68

0.55 (1.89%)

LYFT

Lyft

$49.27

0.32 (0.65%)

  • 02

    Dec

  • 04

    Dec

  • 04

    Dec

  • 09

    Dec

UBER Uber
$29.68

0.55 (1.89%)

11/22/19
11/22/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Duke Energy (DUK) double upgraded to Buy from Sell at Goldman Sachs with analyst Michael Lapides saying the shares lagged the sector index by 18% this year and most negative catalysts have already played out. 2. Uber (UBER) upgraded to Buy from Hold at Stifel with analyst Scott Devitt saying Uber's business fundamentals are "showing signs of sustainable improvement" while the current valuation "offers a more reasonable entry point." 3. L Brands (LB) upgraded to In Line from Underperform at Evercore ISI. 4. Site Centers (SITC) upgraded to Buy from Hold at Stifel with analyst Simon Yarmak saying he feels the "significant progress" made over the last couple of years, combined with the company's improved balance sheet, has set the company up to grow in the near-term, and should result in the company outperforming its peers over the next year. 5. Applied DNA Sciences (APDN) upgraded to Buy from Hold at Maxim. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/25/19
LOOP
11/25/19
NO CHANGE
Target $41
LOOP
Buy
Uber price target lowered to $41 from $48 at Loop Capital
Loop Capital analyst Jeffrey Kauffman lowered his price target on Uber to $41 but keeps his Buy rating and contends that the recent selling pressure has created an attractive entry opportunity. The analyst notes that the "significant revaluation" on Uber shares is driven by "sector-wide reduction in risk appetite" and lock-up expiration concerns rather than the company's business fundamentals. Kauffman recommends that investors accumulate the stock as lock-up selling starts to pass, adding that the "rational competition in US Rides" is a "very positive" which also offsets the competitive behavior in dynamic in the company's Eats and international Rides businesses.
11/26/19
MZHO
11/26/19
NO CHANGE
Target $45
MZHO
Buy
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.
11/26/19
MSCO
11/26/19
NO CHANGE
Target $55
MSCO
Overweight
Uber challenges in London and with safety aren't new, says Morgan Stanley
Morgan Stanley analyst Brian Nowak said the safety issues that Transport for London highlighted in its decision to not extend Uber's license as a private hire operator are not new, nor are challenges in London. Additionally, he sees the safety issues that TfL highlighted as impacting a very small percent of trips and believes the company has been developing facial recognition technology for London and all of its fleet that is among the reason he believes safety will eventually be a competitive advantage for Uber. Nowak keeps an Overweight rating and $55 price target on Uber shares and said the stock remains a top pick for 2020.
LYFT Lyft
$49.27

0.32 (0.65%)

10/31/19
10/31/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Lowe's (LOW) upgraded to Overweight from Equal Weight at Barclays with analyst Karen Short saying total comp expectations for Q3 may be too high due to the expected drag from Canada as well as ongoing weakness in e-commerce, but believe the U.S. comp estimate of 3.6% "is what matters and is more achievable." 2. Sony (SNE) upgraded to Buy from Neutral at UBS. 3. Ensign Group (ENSG) upgraded to Buy from Hold at Stifel with analyst Chad Vanacore saying he sees a potential real estate spin-off or sale on the horizon. 4. Lyft (LYFT) upgraded to Buy from Neutral at Goldman Sachs with analyst Heath Terry saying the company reported better than expected Q3 revenue and management noted a trend toward higher prices across the industry, incremental engagement per rider, and a less promotional competitive environment. 5. Brinker (EAT) upgraded to Overweight from Neutral at Piper Jaffray with analyst Nicole Miller Regan saygin the company's return to EBITDA growth should drive a re-rating of the multiple. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/07/19
BOFA
11/07/19
NO CHANGE
Target $44
BOFA
Buy
Uber trading at discount to peers amid lock-up pressure, says BofA/Merrill
BofA Merrill Lynch analyst Justin Post noted that 134M shares of Uber stock traded yesterday, which compares to average daily volume of about 12M shares since its IPO and represents around 9% of the 1.4B shares unlocked by the expiration of the IPO lock-up provisions. The stock's roughly 4% decline was consistent with the recent basket of Internet IPOs he compares it to, which declined 2.3% on average on the day of lock-up expiration, Post added. He thinks lock-up related selling will likely remain a headwind in November, but he also notes that the company's current adjusted market cap of $30.4B implies a valuation discount to GrubHub (GRUB) and Lyft (LYFT). The analyst, who sees support coming from new segment disclosures and sum-of-the-parts valuation despite the lock-up overhang, keeps a Buy rating on Uber shares with a $44 price target.
11/15/19
JPMS
11/15/19
NO CHANGE
JPMS
Overweight
JPMorgan adds Lyft to list of top Internet picks
Earlier, JPMorgan analyst Doug Anmuth added Lyft (LYFT) to his list of top picks in the internet sector following third quarter earnings, saying the ride-hailing giant reported "significantly" better than expected revenue and EBITDA as it continues to take share of an increasingly rational U.S. rideshare market, thereby accelerating its path to profitability. Anmuth said that Lyft, which joins Facebook (FB), Amazon (AMZN), and Netflix (NFLX) in his top picks in the sector, also reiterated its expectation for consolidated EBITDA profit by the fourth quarter of 2021, though he continues to believe core rideshare can be profitable "well before that," likely sometime in 2020. The analyst, who has an Overweight rating on Lyft, noted that he removed Twitter (TWTR) and IAC/InterActive (IAC) from his top picks.
11/25/19
LOOP
11/25/19
UPGRADE
Target $62
LOOP
Buy
Lyft upgraded to Buy from Hold at Loop Capital
Loop Capital analyst Jeffrey Kauffman upgraded Lyft to Buy from Hold with a $62 price target. The analyst cites the company's higher revenue growth potential and expectations of it reaching profitability a year sooner than he previously expected as business fundamentals for Lyft appear to have improved since its IPO. Kauffman adds that the "accelerated lock-up expirations" and investor preference of GARP over high-growth stocks has created a "compelling opportunity" for Lyft shares.

TODAY'S FREE FLY STORIES

FMCC

Freddie Mac

$0.00

(0.00%)

21:42
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21:42
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GDS

GDS Holdings

$47.16

1.88 (4.15%)

21:00
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21:00
Syndicate
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BIG

Big Lots

$19.17

-0.75 (-3.77%)

, GCO

Genesco

$36.94

0.38 (1.04%)

20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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BIG

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GCO

Genesco

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0.38 (1.04%)

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UNVR

Univar

$23.15

0.22 (0.96%)

20:10
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Univar to sell environmental sciences business to AEA Investors for $195M »

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PLUG

Plug Power

$3.10

-0.195 (-5.93%)

20:04
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12/05
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20:04
Syndicate
Plug Power 40M share Secondary priced at $2.75 »

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  • 06

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RGLD

Royal Gold

$117.91

0.64 (0.55%)

, TECK

Teck Resources

$15.71

-0.11 (-0.70%)

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Hot Stocks
Royal Gold updates on Andacollo Workers Union ratifying 36-month collective deal »

Royal Gold (RGLD)…

RGLD

Royal Gold

$117.91

0.64 (0.55%)

TECK

Teck Resources

$15.71

-0.11 (-0.70%)

03/08/13
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  • 21

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IR

Ingersoll-Rand

$128.95

1.405 (1.10%)

19:41
12/05/19
12/05
19:41
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19:41
Upgrade
Ingersoll-Rand rating change at Wells Fargo »

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ICPT

Intercept

$119.86

2.42 (2.06%)

19:06
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12/05
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19:06
Hot Stocks
Intercept Phase 3 study for OCA in fibrosis patients published in The Lancet »

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  • 26

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HUN

Huntsman

$22.34

0.37 (1.68%)

18:52
12/05/19
12/05
18:52
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18:52
Hot Stocks
Huntsman acquires Icynene-Lapolla for all-cash payment of $350M »

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  • 12

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UBER

Uber

$28.65

-0.405 (-1.39%)

18:48
12/05/19
12/05
18:48
12/05/19
18:48
Hot Stocks
Uber: Non-consensual kissing of sexual body part reported in 1 in 3M U.S. trips »

Uber released its Safety…

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UBER

Uber

$28.65

-0.405 (-1.39%)

18:45
12/05/19
12/05
18:45
12/05/19
18:45
Hot Stocks
Uber says fatal physical assault reported in 1 in every 122M U.S. trips »

Uber released its Safety…

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DOMO

Domo

$19.47

-0.19 (-0.97%)

, EZPW

Ezcorp

$5.21

-0.01 (-0.19%)

18:44
12/05/19
12/05
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18:44
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Domo…

DOMO

Domo

$19.47

-0.19 (-0.97%)

EZPW

Ezcorp

$5.21

-0.01 (-0.19%)

DOCU

DocuSign

$69.51

-0.465 (-0.66%)

ULTA

Ulta Beauty

$236.09

-3.27 (-1.37%)

ZUMZ

Zumiez

$30.63

0.67 (2.24%)

CLDR

Cloudera

$10.02

0.16 (1.62%)

MDLA

Medallia

$29.79

0.55 (1.88%)

CRWD

Crowdstrike

$53.00

-2.04 (-3.71%)

AOBC

American Outdoor Brands

$9.42

0.38 (4.20%)

YEXT

Yext

$16.62

0.065 (0.39%)

PD

PagerDuty

$24.99

-0.66 (-2.57%)

SAIC

SAIC

$83.82

-0.57 (-0.68%)

ZM

Zoom Video

$69.73

-0.22 (-0.31%)

KFY

Korn/Ferry

$40.26

0.39 (0.98%)

COO

Cooper Companies

$313.10

1 (0.32%)

GWRE

Guidewire

$119.32

0.68 (0.57%)

OKTA

Okta

$119.18

-2.64 (-2.17%)

UBER

Uber

$28.65

-0.405 (-1.39%)

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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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  • 16

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    Dec

UBER

Uber

$28.65

-0.405 (-1.39%)

18:43
12/05/19
12/05
18:43
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18:43
Hot Stocks
Uber says 107 total fatalities in 2017-2018 reported in relation to Uber app »

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UBER

Uber

$28.65

-0.405 (-1.39%)

18:34
12/05/19
12/05
18:34
12/05/19
18:34
Periodicals
Breaking Periodicals news story on Uber »

Uber reports 3,000 sexual…

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CMG

Chipotle

$819.61

10.12 (1.25%)

18:33
12/05/19
12/05
18:33
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18:33
Hot Stocks
Chipotle CEO: I took time to understand what makes us unique »

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RCII

Rent-A-Center

$26.02

0.36 (1.40%)

18:17
12/05/19
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18:17
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18:17
Hot Stocks
Rent-A-Center raises quarterly dividend to 29c from 25c per share »

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BKH

Black Hills

$76.66

0.01 (0.01%)

18:02
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18:02
Hot Stocks
Black Hills utilities receive approval to upsize Renewable Ready program »

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PRIM

Primoris

$21.92

0.3 (1.39%)

18:02
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Hot Stocks
Primoris awarded two pipeline contracts for over $45M »

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LMAT

LeMaitre

$35.94

-0.09 (-0.25%)

18:01
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Hot Stocks
LeMaitre CFO sells 121K shares of common stock »

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CLBK

Columbia Financial

$16.33

-0.24 (-1.45%)

18:01
12/05/19
12/05
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Hot Stocks
Columbia Financial expands stock buyback to acquire additional 3M shares »

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AXS

Axis Capital

$58.42

0.31 (0.53%)

17:49
12/05/19
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17:49
Hot Stocks
Axis Capital increases quarterly dividend 2.5% to 41c per share »

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  • 26

    Feb

PZZA

Papa John's

$59.67

-0.53 (-0.88%)

17:48
12/05/19
12/05
17:48
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17:48
Periodicals
Former Papa John's CEO files suit against ad firm, Bloomberg says »

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  • 11

    Dec

  • 18

    Dec

THG

Hanover Insurance

$133.80

0.52 (0.39%)

17:47
12/05/19
12/05
17:47
12/05/19
17:47
Hot Stocks
Hanover Insurance raises dividend to 65c/shr, announces $2.50 special dividend »

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  • 26

    Feb

BHVN

Biohaven Pharmaceutical

$53.79

-0.235 (-0.44%)

17:46
12/05/19
12/05
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12/05/19
17:46
Hot Stocks
Biohaven Pharmaceutical issued patent relating to troriluzole »

Biohaven Pharmaceutical…

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EPZM

Epizyme

$15.32

-0.48 (-3.04%)

17:45
12/05/19
12/05
17:45
12/05/19
17:45
Upgrade
Morgan Stanley upgrades Epizyme to Overweight ahead of lymphoma data »

Morgan Stanley analyst…

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    Jan

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