Stellantis (STLA) and Uber (UBER) Partner with Free2Move in France
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UBS Downgrades Lyft to Neutral as Survey Shows Drivers Prefer Uber
September 26, 2022 9:24 AM EDTShares of Lyft (NASDAQ: LYFT) are down almost 4% in pre-open Monday after UBS analyst Lloyd Walmsley cut the rating to Neutral from Buy.
The price target is slashed by almost 70% to $16 to reflect lowered, below-consensus, estimates. For instance, Street projects 2024 EBITDA at $868 million while UBS new projections call for $671 million. Lyft projects $1 billion in 2024 adjusted EBITDA.
The core factor behind the downgrade... More
PG&E, Las Vegas Sands, Planet Fitness Rise Premarket; Li Auto, Lyft Fall
September 26, 2022 8:12 AM EDTBy Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, September 26th. Please refresh for updates.
Amazon (NASDAQ: AMZN) stock fell 0.6% after the online retail giant announced plans to hold a sale for its loyalty-club shoppers, starting on Oct. 11,... More
