BMO Capital raised the firm’s price target on Lyft (LYFT) to $16 from $15 and keeps a Market Perform rating on the shares. The company reported “mixed” Q2 results, but the expanded growth opportunities in the U.S. and abroad leave room for optimism, and the firm continues to monitor upcoming AV launches in partnership with Baidu (BIDU) and BENTELER Mobility, the analyst tells investors in a research note.
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