Citi upgrades Uber to buy: ‘The risk/reward has tilted favorably’

Investing News

Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks on a webcast during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, May 10, 2019.

Michael Nagle | Bloomberg | Getty Images

Citi upgraded Uber to buy on Monday and said that while recent overhangs like California Assembly Bill 5 and the IPO lock-up might continue, there was now more clarity as to how it would impact the company going forward.

Products You May Like

Articles You May Like

Booz Allen Hamilton Stock Is Ready to Rise
EA Stock Will Carry a Great Holiday Season into 2020
7 Software Stocks to Buy for Growth
Stocks making the biggest moves after hours: E-Trade, AT&T, Intuitive Surgical & more
Cronos (CRON) Announces an IPO in Australia, Will it Push the Stock Higher?

Leave a Reply

Your email address will not be published. Required fields are marked *