Lyft stock was downgraded to Hold as the ridesharing company is projected to miss analyst estimates for app downloads amid increased competition with Uber.
Happily, for Uber Technologies (NYSE: UBER) shareholders, their company was motoring ahead nicely. Its stock ended up cruising to a nearly 3% gain on the day, thanks to a positive new research note from an analyst. The prognosticator in question was Needham & Company's Bernie McTernan.
Uber Technologies (UBER) closed at $33.09 in the latest trading session, marking a +0.12% move from the prior day.