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Fly News Breaks for February 28, 2020
LYFT
Feb 28, 2020 | 06:13 EDT
KeyBanc analyst Edward Yruma initiated coverage of Lyft with an Overweight rating and $55 price target. A "more benign" competitive environment and internal initiatives at both companies in Ridesharing put them at the early stages of an upward earnings revision cycle, Yruma tells investors in a research note. He believes profitability growth, not revenue growth, will be the driver of stock performance in the Marketplaces category.
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