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UBS analyst Lloyd Walmsley initiated coverage of Lyft Inc (NASDAQ:LYFT) with a Buy rating and $60 price target, implying a 50.8% upside. The company benefits from a robust post-pandemic recovery as a pure-play rideshare business operating in a “stable duopoly market,” with little noise around investment in delivery wars and having no exposure to international competition.
...read full article on Benzinga
