Wells Fargo raised the firm’s price target on Uber (UBER) to $100 from $90 and keeps an Overweight rating on the shares. The firm notes mobility GB ex-FX growth decelerated 4-pts; estimate U.S. mobility GB decelerated 3-pts from less significant insurance pass thru and potentially some late-quarter demand macro impact. Wells says it screens attractively as defensive with attractive growth characteristics.
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