2020-11-05 07:11:11 UBER Uber
11/05/20 11/0507:11 11/05/2007:11 | Uber price target raised to $54 from $38 at Deutsche BankDeutsche Bank analyst Lloyd Walmsley raised the firm's price target on Uber Technologies to $54 from $38 and keeps a Buy rating on the shares. The analyst likes Uber and Lyft shares over the medium term "as the major political overhang lifts" with the passage of Proposition 22. The promises as part of the bill will lead to higher costs, but much of that can be passed along to consumers, and odds of further regulation in the U.S. looks significantly lower post the election results, Walmsley tells investors in a research note. The analyst continues to see a "choppy recovery" on the ride share business near-term given spiking COVID cases, but he believes both Uber and Lyft shares are "poised to see a continued recovery as vaccine news, improving success treating the virus and better testing capacity gets wider distribution." |
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Periodicals
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HashiCorp just downgraded at Wolfe Research, here's why »
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Prologis price target lowered by $17 at Truist, here's why »
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First Industrial Realty price target lowered by $5 at Truist, here's why »
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EastGroup Properties price target lowered by $12 at Truist, here's why »
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Southwest extends flight schedule through March 5, 2025 »
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Regulators slated to seize Republic First, close to sale pact, WSJ reports »
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Faraday Future announces Nasdaq delisting determination »
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LendingTree files $150M mixed securities shelf
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Charter price target lowered by $50 at Pivotal Research, here's why »
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Morphic files automatic mixed securities shelf
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Conference/Events
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MarineMax participates in a conference call with DA Davidson »
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OptimumBank Holdings files to sell 1.38M shares of common stock for holders
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Strata Skin Sciences announces 1-for-10 reverse stock split »
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Vaccinex files to sell 193,000 shares of common stock for holders
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Syndicate
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Edible Garden files to sell 2.4M units »
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Edible Garden
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Hudson Pacific files automatic mixed securities shelf
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Syndicate
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RenovoRx files to sell 6.96M shares of common stock for holders
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Society Pass annoucnes 1-for-15 reverse stock split »
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Initiation
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Granite Ridge Resources initiated with neutral view at Evercore ISI, here's why »
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Granite Ridge Resources
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Clever Leaves falls 52% to $1.95 after announcing voluntary delisting
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Hot Stocks
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Clever Leaves trading resumes
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Syndicate
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