Uber price target lowered to $90 from $95 at Truist

Truist analyst Youssef Squali lowered the firm’s price target on Uber (UBER) to $90 from $95 and keeps a Buy rating on the shares. The company’s Q4 results and Q1 outlook show that demand for Mobility and Delivery remain robust, with Uber operating at the higher-end of its growth and margins expectation, the analyst tells investors in a research note. Truist adds however that Mobility margins showed sequential softness on growth investments, while stronger FX headwinds will soften Q1 reported Gross Bookings growth.