Lyft Inc (NASDAQ: NASDAQ:LYFT) shares are trading lower Tuesday. BofA Securities initiated coverage on the stock earlier this morning.
BofA Securities analyst Michael McGovern initiated coverage on Lyft with an Underperform rating and announced a $14 price target.
From Last Week: Lyft Faces Multiple Lawsuits From Drivers, Passengers Against Sexual and Physical Assault
Lyft is the second-largest ride-sharing service provider in the U.S. behind Uber Technologies Inc (NYSE: NYSE:UBER), connecting riders and drivers over the Lyft app.
LYFT Price Action: Lyft has a 52-week high of $46.64 and a 52-week low of $11.96.
The stock was down 5.38% at $13.82 at time of publication.
Photo: courtesy of Lyft.
Latest Ratings for LYFT
Mar 2022 | Loop Capital | Maintains | Buy | |
Mar 2022 | Deutsche Bank (ETR:DBKGn) | Initiates Coverage On | Hold | |
Feb 2022 | Morgan Stanley (NYSE:MS) | Maintains | Equal-Weight |
View the Latest Analyst Ratings
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