Lyft price target lowered to $14 from $20 at Barclays

Barclays lowered the firm’s price target on Lyft to $14 from $20 and keeps an Equal Weight rating on the shares. The company’s decoupling from Uber in terms of gross booking growth is raising some new questions, but given the framework laid out recently at the investor day “we aren’t overly concerned,” the analyst tells investors in a research note. The firm thinks Lyft shares “could stabilize here.”