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Lyft price target raised to $17 from $15 at Oppenheimer

Oppenheimer raised the firm’s price target on Lyft (LYFT) to $17 from $15 and keeps an Outperform rating on the shares as core fundamentals remain strong, with upside flowing to the EBITDA line. Notably, reported EBITDA was 15% above Opco/Street estimates.

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