Jefferies raised the firm’s price target on Lyft to $11 from $9 and keeps a Hold rating on the shares. Underlying demand trends suggest most internet names are well-positioned to deliver upside to consensus, says the analyst, who is “most constructive” on Delivery and Mobility into Q2. The firm is “mixed” on internet Travel and “cautious” on e-commerce as growth “remains underwhelming despite some recent signs of improvement,” the analyst added in a internet group preview note.
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