Lyft price target raised to $20 from $19 at Barclays

Barclays analyst Ross Sandler raised the firm’s price target on Lyft (LYFT) to $20 from $19 and keeps an Equal Weight rating on the shares following the Q1 report. Lyft has been making some significant moves, evolving its story with Canada, Europe and even some new domestic suburbs entering the fray, the analyst tells investors in a research note. The firm says that if the company can do this while maintaining its financial targets as the guidance suggests, then investors will probably start to take notice.