Lyft: Jefferies initiates coverage with 'buy' rating
(CercleFinance.com) - An analyst at Jefferies today said that the broker is beginning to track the Lyft stock with a “buy” rating.
"Stock is down 15% since the IPO (...) ride sharing continues to
increase and the company successfully rolls out bikes and scooters. Our
analysis shows that loss metrics are improving," the broker retains.
Jefferies has therefore adopted a “buy” rating on the stock, along with
a target price of 86 dollars, compared to the share's current price of
just over 60 dollars.
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