Lyft price target raised to $17.50 from $17 at Jefferies

Jefferies raised the firm’s price target on Lyft to $17.50 from $17 and keeps a Hold rating on the shares. The firm senses investors expect Lyft to deliver upside in Q1 and Q2 on better-than-expected Bookings, although recent share losses “could foretell a slowdown in the back half.” The firm could see the rally fading if Lyft provides cautious commentary about forward market share, the analyst tells investors in a preview note for the U.S. Internet group.