Rothschild Redburn Upgrades Lyft (LYFT) with Tripled Price Target
On June 17, Rothschild & Co Redburn upgraded Lyft to Neutral from Sell and raised its price target from $7 to $22. The upgrade was driven by improved cash generation, a strong balance sheet, low capital intensity, and increased share buyback commitments.
Topics: analyst action price target increase share buybacks stock upgrade