BofA Securities gives Lyft stock double upgrade

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Bank Of America Securities News

Rideshare Company,Substantial Improvements,Lyft

Analysts at Bank of America Securities are bullish on Lyft (LYFT). The firm gave the rideshare company a double upgrade to Buy from Underperform, pointing to...

). The firm gave the rideshare company a double upgrade to Buy from Underperform, pointing to Lyft's substantial improvements across various aspects of its operations — particularly in addressing costs and fostering innovation.The share is not really benefiting here right now.

Um, the analysts, saying Lyft has made significant underlying improvements since then, including greater cost focus, much greater focus on share count dilution and the introduction of introduction of Lyft Media, which is folks getting served ads when they're in the app waiting for a car or in a car so that that's, uh, what what Bank of America was looking at for that upgrade real quick.

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