Morgan Stanley Maintains Equal-Weight on Lyft, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Nowak maintains an Equal-Weight rating on Lyft (NASDAQ:LYFT) and lowers the price target from $11 to $10.
May 18, 2023 | 11:27 am
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NEUTRAL IMPACT
Morgan Stanley maintains an Equal-Weight rating on Lyft and lowers the price target from $11 to $10.
Morgan Stanley's decision to maintain an Equal-Weight rating on Lyft indicates a neutral outlook for the stock. However, the lowering of the price target from $11 to $10 suggests a slightly less optimistic view on the company's valuation. This may have a neutral impact on Lyft's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100