Fly News Breaks for March 2, 2020
Mar 2, 2020 | 11:12 EDT
Raymond James analyst Justin Patterson tells investors in a research note that Lyft's 10-K filing reinforces that the market is rationalizing, expense discipline is in place and there are favorable expense comps in 1H20. Patterson adds that he is confident in Lyft's position and path to profitability, even with the potential for near-term headwinds from the coronavirus. The analyst thinks Lyft should take disclosures a step further, saying that disclosing bookings, rides, autonomous investment and business metrics would provide greater investor confidence in trends and long-term margins. Patterson keeps an Outperform rating on the shares.
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