UPDATE: Northcoast Research Upgrades Lyft (LYFT) to Buy
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Northcoast Upgrades Lyft (LYFT) to 'Buy' on Pure-Play Status on Mobility and Attractive Valuation
August 12, 2021 10:55 AM EDTNorthcoast analyst John Healy upgraded shares of Lyft (NASDAQ: LYFT) to Buy with a price target of $65.00 per share as the current market valuation offers an attractive entry point.
The analyst outlines four key factors behind the upgrade, namely:
1) Q2 results from both Lyft and Uber that provide the analyst with more confidence that consumer behavior is reverting to utilizing mobility offerings, while use cases have not been impaired or altered to a meaningful degree due to the Pandemic,
2) An... More
