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Uber IPO means investors should buy ridesharing Lyft stock


Close-up of vertical sign with logos for ride-hailing companies Uber and Lyft.

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Susquehanna bumped its rating of Lyft’s stock to positive from neutral on Tuesday, as the firm says Lyft is “a pure-play on US ridesharing” that should benefit from less buzz around Uber.

“With the US rideshare market becoming more rational, LYFT showing clear evidence of marketing and insurance cost leverage, and UBER’s IPO out of the way, this is the…

Source cnbc.com

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