Reported 26 days ago
RBC Capital Markets analyst Brad Erickson has upgraded Lyft from Neutral to Buy, citing its recent improvement in market share and performance alongside Uber. Erickson notes that Lyft has matched Uber in pricing and pickup times, suggesting a positive trajectory for the company despite past inconsistencies. He believes that with low expectations, Lyft only needs to execute slightly better to justify this upgrade.
Source: YAHOO