Lyft price target raised to $11.50 from $9.75 at DA Davidson

DA Davidson analyst Tom White raised the firm’s price target on Lyft to $11.50 from $9.75 and keeps a Neutral rating on the shares. The company’s Q2 results were in line on revenue and ahead on adjusted EBITDA, but the management’s commentary raises questions on margin ramp, with an upcoming October insurance renewal and the competitive U.S. rideshare market looking like likely margin headwinds, the analyst tells investors in a research note.