MoffettNathanson Downgrades Lyft to Sell, Announces $7 Price Target
Portfolio Pulse from Benzinga Newsdesk
MoffettNathanson analyst Michael Morton has downgraded Lyft from Neutral to Sell and set a price target of $7.
October 31, 2023 | 2:58 pm
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Lyft has been downgraded from Neutral to Sell by MoffettNathanson with a price target of $7.
The downgrade from Neutral to Sell by MoffettNathanson indicates a negative outlook for Lyft. The low price target of $7 suggests that the analyst believes the stock is overvalued at its current price. This could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100