Loop Capital Upgrades Lyft to Buy, Announces $20 Price Target
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Rob Sanderson has upgraded Lyft (NASDAQ:LYFT) from Hold to Buy and set a price target of $20.
June 07, 2024 | 1:45 pm
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Loop Capital analyst Rob Sanderson has upgraded Lyft from Hold to Buy and set a price target of $20.
The upgrade from Hold to Buy and the announcement of a $20 price target by Loop Capital is likely to positively impact Lyft's stock price in the short term as it reflects increased confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
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