Lyft shares are trading higher after B of A Securities upgraded the stock from Underperform to Buy and raised its price target from $15 to $20.
Portfolio Pulse from Benzinga Newsdesk
Lyft shares are trading higher after B of A Securities upgraded the stock from Underperform to Buy and raised its price target from $15 to $20.
June 07, 2024 | 11:55 am
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Lyft shares are trading higher following an upgrade from B of A Securities, which raised the stock rating from Underperform to Buy and increased the price target from $15 to $20.
The upgrade from a major financial institution like B of A Securities is likely to boost investor confidence in Lyft, leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100