UBS Maintains Neutral on Lyft, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Lloyd Walmsley maintains a Neutral rating on Lyft (NASDAQ:LYFT) but lowers the price target from $15 to $12.

August 08, 2024 | 2:24 pm
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UBS analyst Lloyd Walmsley maintains a Neutral rating on Lyft but lowers the price target from $15 to $12.
The lowered price target from $15 to $12 by UBS suggests a less optimistic outlook for Lyft's stock performance. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations accordingly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100