Uber downgraded amidst coronavirus outbreak, despite positioning

Despite the COVID-19 outbreak drastically hurting most companies margins, some are believed to be able to fare well during the outbreak. JMP Securities lowered its price target on Uber from $56 to $37, but says it is well positioned to weather the COVID-19 storm. Citi also lowered its price target on the ride-hailing company from $46 to $34. Yahoo FInance’s Dan Howley joins Seana Smith to discuss. …read more

Source:: Yahoo Finance

      

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