Lyft Continues to Struggle as Analyst Forecasts 40 Percent Drop
This article was originally published on ETFTrends.com.
After debuting last week with an opening price of $72, Lyft continues to struggle with a 3 percent drop on Tuesday with analyst downgrades putting pressure on the ridesharing company early on in its publicly-traded existence. Michael Ward, an analyst at Seaport Global Securities, issued Lyft a sell rating and a 12-month price target of [...]