Susquehanna analyst Shyam Patil lowered the firm’s price target on Lyft (LYFT) to $14 from $18 and keeps a Neutral rating on the shares. The firm said they reported a generally fine 2Q, and management was optimistic about the European expansion opportunity over the coming years driven by its acquisition of Freenow. Susquehanna believes the risk/reward is balanced at current levels.
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