DA Davidson raised the firm’s price target on Uber (UBER) to $84 from $82 and keeps a Buy rating on the shares after updating the firm’s estimates following Q3 earnings reported on October 31. On the earnings call, comments from both the CEO and CFO implied Uber was dis-inclined to pursue large deals currently, while the firm also notes that Barry Diller, the chair of Expedia’s (EXPE) board stated in an interview with CNBC on November 4 that a rumored acquisition is “just not going to happen.”
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