Lyft price target raised to $19 from $16 at BofA

BofA raised the firm’s price target on Lyft (LYFT) to $19 from $16 and keeps a Buy rating on the shares after the company reported bookings, revenue and EBITDA that came in above Street forecasts. Guidance for $4.28B-4.35B in Q4 bookings was above the Street at $4.23B prior, and EBITDA guidance for $100M-$105M was “well above Street” forecasts, the analyst noted.