Lyft price target raised to $13 from $10 at Barclays

Barclays analyst Ross Sandler raised the firm’s price target on Lyft to $13 from $10 and keeps an Equal Weight rating on the shares post the Q2 report. Lyft “seems to be getting things back on track after a rough patch a few quarters ago,” the analyst tells investors in a research note. The business is still burning significant cash flow, but growth has resumed closer to normal levels, says the firm.