Nomura Upgrades Lyft to Neutral, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Nomura analyst Anindya Das has upgraded Lyft from Reduce to Neutral, while lowering the price target from $15 to $13.

August 23, 2024 | 1:14 pm
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NEUTRAL IMPACT
Nomura has upgraded Lyft from Reduce to Neutral, indicating a more positive outlook, but has lowered the price target from $15 to $13, suggesting limited upside potential.
The upgrade from Reduce to Neutral suggests a more positive view on Lyft's stock, which could stabilize or slightly improve investor sentiment. However, the lowered price target indicates that the analyst sees limited upside potential, balancing the impact to a neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100