Analyst Weighs in on 2 Rideshare Stocks

Nomura downgraded both Lyft and Uber, but both stocks have been excellent in 2023Ridesharing bigwigs Uber Technologies Inc (NYSE:UBER) and Lyft Inc (NASDAQ:LYFT) are moving in opposite directions this morning, after Wall Street brokerage firm Nomura weighed in on the stocks.For LYFT, Nomura downgraded the stock to "reduce" from "neutral." They did hike its price target to $13 from$11.70, that still represents a discount to Lyft's current perch, last seen down 2.9% to trade at $15.10. The analyst cited shri ...