div > div.group > p:first-child"> Lyft – Shares of Lyft are down 1.3 percent after Seaport Global Securities analyst Michael Ward raised concerns over the ride-sharing company's valuation. Ward initiated coverage of the stock with a sell rating and a 12-month price target of $42 per share, while Lyft's IPO was $72. Lyft has been trading under its initial IPO price since Monday. Ward said that buying Lyft's stock requires a"big leap of faith.
Walgreens – Shares of Walgreens dropped 12.2 percent after the drugstore chain reported lower-than-expected second-quarter earnings and reduced its full year earnings forecast for 2019. Walgreens reported earnings of $1.64 per share, 8 cents lower than expected, and revenues of $34.528 billion, $27 million below estimates.
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