KeyBanc lowered the firm’s price target on Uber (UBER) to $85 from $90 and keeps an Overweight rating on the shares. The deceleration in Mobility gross bookings and softer Trips growth in Q3 may raise some concerns that the Mobility business is slowing, the analyst tells investors in a research note. The firm does not believe this weighs on profitability.
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Read More on UBER:
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- Gordon Haskett upgrades Uber on ‘overly punitive’ earnings selloff
- Uber upgraded to Buy from Hold at Gordon Haskett
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