BUZZ-<a href="https://laohu8.com/S/LYFT">Lyft</a> slides; Wedbush cuts to 'underperform'** Ride-hailing firm Lyft's LYFT.O shares fall 3.6% to $19.15 premarket
** Wedbush downgrades stock to "underperform" from "neutral"
** "Lyft is most at risk to the impact of (autonomous vehicle) disruption given the company’s exposure to the U.S. ridesharing market and undiversified offering mix" - brokerage
** Avg rating of 49 analysts is "hold;" their median PT is $24.03 - data compiled by LSEG
** Up to last close, stock has risen ~54% this year
(Reporting by Anhata Rooprai in Bengaluru)
((Anhata.Rooprai@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments