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Atlantic Equities relieves Uber (NYSE: UBER) from neutral to overweight after the first post-IPO report, but brings the PT down from 55 to 52 USD, implying an increase of 31%.
Key quote: "We expect the competitive landscape to improve and accelerate revenue growth and moderate losses in this sector during fiscal year 19, while a new structure of Fresh Eats is expected to increase the economic performance of food delivery units while allowing for rapid growth in gross bookings. "
Related: takeaway recipes, transcript and slides from Uber.
Uber shares are up 2.4% before marketing at $ 40.74. The competitor Lyft (NASDAQ: LYFT) is up 2% at $ 56.
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