Wedbush analysts removed Uber (UBER) from the firm’s “Best Idea List” but maintains an Outperform rating on the name with an $86 price target Uber shares have returned 243% in the past six weeks and now seem to more properly reflect the uncertainty relating to autonomous vehicles, the analyst tells investors in a research note. Wedbush added Uber to the list believing the company’s autonomous vehicle risk was being overly priced into the stock.
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