Loop Capital Maintains Buy on Lyft, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has maintained a Buy rating on Lyft but lowered its price target from $20 to $16, indicating a more cautious outlook on the stock.
September 03, 2024 | 12:18 pm
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Loop Capital has maintained a Buy rating on Lyft but lowered its price target from $20 to $16, suggesting a more cautious outlook on the stock.
The maintenance of a Buy rating suggests continued confidence in Lyft's potential, but the lowered price target indicates some concerns about future performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100