DoorDash upgraded to Buy from Neutral at MoffettNathanson

MoffettNathanson analyst Michael Morton upgraded DoorDash to Buy from Neutral. The impetus behind the firm’s previous DoorDash downgrade, student loan risks, has failed to materialize, the analyst tells investors. The firm, which says it has “always loved DoorDash’s longer-term growth story,” had been worried about short-term headwinds, but admits that in retrospect, it was “too cute by half.”