Wells Fargo Initiates Coverage On Lyft with Equal-Weight Rating, Announces Price Target of $9
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Brian Fitzgerald initiates coverage on Lyft (NASDAQ:LYFT) with an Equal-Weight rating and announces a price target of $9.
June 08, 2023 | 8:18 am
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Wells Fargo initiates coverage on Lyft with an Equal-Weight rating and a price target of $9.
The news directly pertains to Lyft as Wells Fargo initiates coverage on the company with an Equal-Weight rating. This rating suggests that the stock is expected to perform in line with the market, which is a neutral outlook. The price target of $9 is also mentioned, which may influence investor sentiment. However, the short-term impact on the stock price is likely to be neutral as the rating does not indicate a strong bullish or bearish stance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100