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Major Wall Street analysts are all bulled up on Lyft, but investors don’t seem to care (LYFT)

lyft founders john zimmer logan green

  • Lyft shares swung between gains and losses on Tuesday after 10 Wall Street analysts initiated coverage of the recently public ride-hailing company.
  • Shares fell by as much as 2.5% before rallying by as much as 1.8% after the majority of the analysts’ calls were bullish.
  • Watch Lyft trade live.

Lyft shares swung between gains and losses on Tuesday as the quiet period for major Wall Street analysts ended and a slew of them initiated overwhelmingly bullish coverage.

Tuesday marked the end of the nearly month-long quiet period for the companies that underwrote Lyft’s March initial public offering. Analysts at JPMorgan, Credit read more >>>

Source:: BusinessInsider.Com