The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1329 ET - Lyft's 4Q results were very challenging, RBC Capital Markets analysts say, as competition ramped up and dented ride volume. Lyft faced pressure in December as Uber pushed promotions on cheaper rides, forcing it to focus on its higher-value rides and driving lower-than-expected rides volume overall, the analysts say. The dynamic "obviously fuels the traditional winner-take-most bear case & raises questions around hitting '27 targets," the analysts say in a note. They lower their price target on the stock to $22 from $27. Lyft slides 15% to $14.25.(kelly.cloonan@wsj.com)
1214 ET - Lyft's strategy around autonomous vehicles has some analysts waiting for more details. AVs are both the biggest threat and the biggest opportunity for both Lyft and Uber, and while Lyft should benefit in general, Uber looks like it's better-positioned as a partner for AVs given its larger scale and global presence, Truist Securities analysts say. However, the analysts say they are encouraged by Lyft's growing portfolio of AV partnerships, and see its fleet management services as a competitive advantage. They back their hold rating on the stock, noting they're waiting for a better understanding of Lyft's AV strategy and insight into the economics of its AV deals in the future. (kelly.cloonan@wsj.com)
1208 ET - Lufthansa's restructuring story faces a risk from strikes, J.P. Morgan analysts say in a research note. A pilot strike set for Thursday could cost between 10 million and 30 million euros a day based on historical precedent, with some mitigation given it comes at a seasonal low-point, they say. "Labor relations will be an ongoing overhang for the shares, in our view, with the possibility of further strikes by multiple unions unless agreements are reached," the analysts say. Lufthansa shares closed at 8.87 euros, down 4.0%. (sarah.sloat@wsj.com)
1202 ET - Lyft looks like it would be the most at risk of disruption from the rise of autonomous vehicles, Wedbush Securities analysts say in a note. The analysts point to Lyft's exposure to the U.S. rideshare market and its lack of a diversified offering mix relative to its peers. And while Lyft has tried to position itself as a beneficiary of AV expansion through its partnerships with players in the U.S. and Europe, AV operators will likely opt for more first-party distribution instead, the analysts say. "Recent commentary has validated our thesis, with Lyft increasingly focused on building its Flexdrive fleet management services offering," they say. Wall Street seems to be underestimating the effect that AVs may have on Lyft's value as the industry evolves, they say. (kelly.cloonan@wsj.com)
1146 ET - Some analysts are questioning Lyft's long-term targets as it reported lower-than-expected rides growth in its latest quarter and offered modestguidance for the current quarter. Wedbush Securities analysts say they "continue to view the company's long-term targets with skepticism, and we model a slower growth and profit trajectory versus management's multi-year outlook." Ahead of Lyft's latest quarterly results, investors were already beginning to doubt its ability to reach the targets it laid out at its investor day, and the company likely ceded rides market share to Uber in the U.S. in the quarter, with the competitor's consolidated trips growing 22%, the analysts say. (kelly.cloonan@wsj.com)
1013 ET - The sell-off in Lyft after 4Q results "despite meeting or exceeding every metric," Benchmark's Daniel Kurnos says, is likely due to jitters about competition with Uber. But Kurnos thinks pricing remains relatively stable across the industry despite investor fears "that a race to the pricing bottom might once again be on the cards." Kurnos, who has a buy rating on Lyft, says he would be buying on the sell-off. Lyft sinks 15%.(elias.schisgall@wsj.com)
0525 ET - Singapore Airlines is seeing a more stable yield environment, Citi Research analyst Kaseedit Choonnawat writes in a note after meeting the company's management. The carrier's outlook is more encouraging compared with the slow downward path expected before, with strong overall demand and a stable premium mix, Choonnawat says. Citi raises its FY26-28 earnings estimates for Singapore Airlines slightly, and lifts its target price for the stock to S$6.28 from S$5.98. However, it retains a sell rating primarily due to valuation, as the share price appears too pricey. Shares closed at S$6.85. (kimberley.kao@wsj.com)
0450 ET - Ferrari's strong results and guidance offer a much-needed injection of positive momentum, Berenberg analysts write. Fourth-quarter revenue beat consensus by 2%, while the adjusted EBIT margin of 28.5% beat consensus by 115 basis points. The average selling price reached a record 440,000 euros in 2025 and Ferrari achieved a "remarkable" adjusted EBIT per vehicle of 155,000 euros, up 13% on year, the bank says. Full-year revenue guidance is in line with consensus while the adjusted EBIT margin of at least 29.5% compares to consensus at 29.1% and the 30% 2030 target set at October's capital markets day. The results and guidance should build further confidence that the company can exceed its targets laid out at the capital markets day, the bank adds. Shares rise 1% to 313.40 euros. (dominic.chopping@wsj.com)
0448 ET - Hapag-Lloyd recently reported solid preliminary 2025 results with a material beat to consensus Ebitda and EBIT estimates, Berenberg analyst Benjamin Thielmann writes. Container volumes grew by 8% on year while sales slipped 3% as the average freight rate fell 8%. Volumes and sales both landed 2% above consensus while Ebitda beat by 11% and EBIT by 65%. The company's preliminary profitability implies it can reach the upper ends of its 2025 target ranges, Berenberg adds. "We keep our 2026 forecasts mostly unchanged as we wait for the company's 2026 guidance on 26 March, in a what we consider to be volatile earnings environment." The bank trims its price target for the stock to 119 euros from 120 euros and reiterates its hold rating. Shares fall 0.8% to 120 euros. (dominic.chopping@wsj.com)
0406 ET - Ferrari's fourth-quarter results beat expectations, but management maintained the message that progress to 2030 will be steady, HSBC analysts write. The bank says the fourth quarter is interesting as volumes were down both on year and on quarter, but the average revenue per unit was up 8% on quarter, ahead of expectations. "This was said to be primarily higher shipments of Specials [models], which means we are still to see the full benefit of the F80 - which retails at circa 8x the group average." The company's extended backlog gives management more control than ever to reach their guidance targets, while protecting residual values, HSBC adds. It maintains its hold rating and 345 euros target price on the stock. Shares rise 0.6% to 312.10 euros. (dominic.chopping@wsj.com)
0330 ET - European defense stocks fall on Wednesday early morning trade after the Financial Times reported that Ukrainian President Volodymyr Zelensky intends to announce a plan for presidential elections and a referendum on a potential peace deal on February 24. Amsterdam-listed CSG falls 3.55%, Renk Group loses 2.5%, QinetiQ and Dassault Aviation drop 2%, Thales trades down 1.6%, and Rheinmetall is down 1.8%. Meanwhile, BAE Systems and Leonardo are both down 1.3%. (cristina.gallardo@wsj.com)
0325 ET - Sime Darby will likely benefit from Malaysia's delayed revision of excise duties on locally assembled vehicles, which is seen as supporting auto demand in 1H, CGS International analyst Jacquelyn Yow says in a note. Demand for Toyota, Perodua and BMW models will likely buoy contributions to Sime Darby associate UMW, she says. Despite the rising proportion of electric vehicles, Yow thinks the market underestimates the resiliency of Perodua's market share, estimated around 44%. She is positive on Sime Darby's industrial segment's long-term outlook, supported by infrastructure projects, sustained commodity demand in Australia, potentially higher mining activity amid elevated copper prices, and rising data-center investments in Malaysia. CGS maintains its add rating on the conglomerate and keeps its target price at MYR2.38. Shares are 5.0% higher at MYR2.31. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
February 11, 2026 16:50 ET (21:50 GMT)
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