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KeyBanc upgrades Lyft, says stock can rally more than 50% as demand stabilizes

CNBC LogoCNBC1w ago

KeyBanc upgrades Lyft, says stock can rally more than 50% as demand stabilizes

Quick Summary

The firm said cost-cutting measures could also help EBITDA.

Lyft shares could see big gains as the ride-share company cuts costs and sees demand stabilize, KeyBanc said.

Analyst Justin Patterson upgraded the stock to overweight from sector weight.


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KeyBanc upgrades Lyft, says stock can rally more than 50% as demand stabilizes - CNBC (Picture 1)

News Analysis

Category: Nation Politics

Topics: Pro: Street Calls CNBC Pro Transportation Stocks Investment strategy Technology Articles Cnbc Premium Stock markets Lyft Inc PRO Home Uber Technologies Inc Investing Source:tagname:CNBC US Source

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: cnbc.com

Readership Location: United States

Published Date: 2023-01-24, 12:17:38

News Timezone: GMT -5:00

Language: English

Original Article Length: 405 words

Reading Duration: 3 minutes read

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News ID: 3112377

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