Citigroup Maintains Neutral on Lyft, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli maintains a Neutral rating on Lyft (NASDAQ:LYFT) but lowers the price target from $18 to $10.
August 08, 2024 | 7:16 pm
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Citigroup analyst Itay Michaeli maintains a Neutral rating on Lyft but significantly lowers the price target from $18 to $10.
The significant reduction in the price target from $18 to $10 by Citigroup suggests a bearish outlook on Lyft's future performance, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100