DA Davidson lowered the firm’s price target on Uber (UBER) to $80 from $84 but keeps a Buy rating on the shares. The company reported “solid” Q4 results that featured a 100 bps acceleration in total FX-neutral gross bookings growth, though incremental FX headwinds during Q4 muted the upside of reported bookings and revenue relative to consensus, the analyst tells investors in a research note.
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