TD Cowen Adjusts Lyft Price Target Amid Q2 Results Review
Thursday, 8 August 2024, 14:58
TD Cowen Adjusts Lyft Price Target
TD Cowen has made a significant change to Lyft's price target after reviewing Q2 results. The firm decided to cut the price target but has maintained its current rating on the stock. This move suggests that TD Cowen sees ongoing challenges for Lyft in the competitive ride-sharing market.
What This Means for Investors
- The reduced price target indicates potential headwinds for Lyft.
- Maintaining the rating suggests confidence in the company's long-term prospects.
- Investors should remain vigilant regarding future performance and market conditions.
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