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LYFT / Lyft stock downgraded amid concerns about economic pressures, insurance costs

Shares of Lyft Inc. LYFT, -1.43% were down more than 1% in premarket trading Tuesday after Cowen & Co. analyst John Blackledge downgraded the stock to market perform from outperform, writing of potential pressures stemming from insurance costs and the macroeconomic climate. On Lyft's last earnings call, President John Zimmer said that inflationary pressures and rising insurance costs were an "industry issue" and that they were "primarily driven by rising premiums as a result of higher cost of used vehicles, vehicle repair, higher medical costs and increased litigation costs. Read More

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LYFT

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Downgraded

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Economic

Pressures

Insurance

Posted: Nov 22 2022, 08:30

Author Name: Market Watch

LYFT News

By TechCrunch
November 2, 2023

Uber and Lyft pay $328M to settle wage-theft complaints in New York

Uber and Lyft have agreed to pay drivers in New York a combined $328 million to settle wage-theft complaints. The settlement is the result of state at

By TechXplore
November 2, 2023

Uber, Lyft to pay $328 mn to drivers after New York state probe

Uber and Lyft will pay $328 million to settle a New York probe alleging that the companies "cheated" drivers, in an accord that also establishes paid

By The Guardian
November 2, 2023

Uber and Lyft to pay out $328m to New York ride-share drivers

Drivers celebrate ‘historic victory' as companies agree to settlement after being accused of withholding wages and benefits

By Forbes
November 2, 2023

Uber And Lyft Agree To Pay New York Drivers $328 Million After Wage-Theft Allegations

Uber and Lyft drivers in New York will now be guaranteed paid sick leave under the settlement.

By CNBC
November 2, 2023

Uber, Lyft to pay $328 million to settle wage-theft allegations in New York state

In addition to a financial settlement, Uber and Lyft agreed to ongoing changes in how they pay drivers and offer benefits in New York state

By InvestorPlace
October 31, 2023

LYFT Stock Alert: This Analyst Is Souring on Lyft

Lyft (NASDAQ: LYFT ) stock is on the move Tuesday as investors react to a new rating for the ride-sharing company's shares. MoffettNathanson analyst M

By Market Watch
October 31, 2023

Lyft could soon give investors more transparency. That may not be a good thing.

Nearly four years ago, Lyft Inc. stopped reporting certain metrics like gross bookings and rides — a move that MoffettNathanson analyst Michael Mort

By Seeking Alpha
October 23, 2023

Lyft: Sub-Scale Discount

An improved balance between supply and demand on Lyft's platform, along with operating cost control, has reduced some of Lyft's issues. The company st

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