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SunTrust Reiterates Buy Rating on Uber Inc. (UBER) Following 3Q and IPO Lock-Up Expiration

November 22, 2019 7:34 AM EST

SunTrust analyst Youssef Squali reiterated a Buy rating and $56.00 price target on Uber Inc. (NYSE: UBER) following the company's 3Q and IPO lock-up expiration.

Squali believes UBER has likely bottomed out, with the new Rides profitability disclosure providing valuation support. SunTrust... More