Lyft price target raised to $14 from $13 at Barclays

Barclays raised the firm’s price target on Lyft to $14 from $13 and keeps an Equal Weight rating on the shares. The company continues to move in the right direction, providing booking and rides disclosures, and showing a desire to be disciplined on costs and innovative on product and brand, the analyst tells investors in a research note. The firm says the new management team seems to have the right plan to execute on fixing the previously imbalanced marketplace and winning back customers and drivers.