tiprankstipranks
Trending News
More News >

Lyft price target raised to $14 from $13 at Wells Fargo

Wells Fargo raised the firm’s price target on Lyft (LYFT) to $14 from $13 and keeps an Equal Weight rating on the shares. The firm’s intra-quarter published work shows rideshare trip volumes should remain healthy near term, but incremental volumes increasingly mix shifting to lower-price use cases, pressuring incremental margins. Wells sees risk to Lyft second half of the year EBITDA estimates.

Don’t Miss TipRanks’ Half-Year Sale

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1