Uber price target raised to $100 from $90 at Wells Fargo

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.