Uber Technologies shares are trading lower after Daiwa Capital downgraded the stock from Outperform to Neutral.
Portfolio Pulse from Benzinga Newsdesk
Uber Technologies shares declined following a downgrade by Daiwa Capital from Outperform to Neutral.
October 17, 2024 | 12:35 pm
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NEGATIVE IMPACT
Uber Technologies shares are trading lower after Daiwa Capital downgraded the stock from Outperform to Neutral.
The downgrade from Daiwa Capital is likely to negatively impact investor sentiment, leading to a short-term decline in Uber's stock price. Downgrades typically signal reduced confidence in the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100