Citi upgrades Uber to buy: 'The risk/reward has tilted favorably'

This post was originally published on this site

Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks on a webcast during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, May 10, 2019.

Michael Nagle | Bloomberg | Getty Images

Citi upgraded Uber to buy on Monday and said that while recent overhangs like California Assembly Bill 5 and the IPO lock-up might continue, there was now more clarity as to how it would impact the company going forward.

Add Comment