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Uber price target lowered to $105 from $110 at JPMorgan

JPMorgan lowered the firm’s price target on Uber (UBER) to $105 from $110 and keeps an Overweight rating on the shares. The firm views the post-earnings pullback in shares of Uber as a buying opportunity. Uber is on track to launch autonomous vehicles with partners in up to 15 markets by the end of 2026, the analyst tells investors in a research note. JPMorgan believes the company is executing well.

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