UBS downgraded Lyft (LYFT) to neutral from buy. George Tsilis joins Alex Coffey and Jenny Horne to discuss this. He compares LYFT and Uber (UBER), noting that UBER is outperforming LYFT. He goes over how UBER has a greater market share, and has positive operating cash, unlike LYFT. He also talks about how neither UBER nor LYFT needs to lower prices to compete with each other. Tune in to find out more about the stock market today.
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