Regulatory headwinds in Europe and broker target cut weigh on Uber shares

Uber stock declined as European regulatory protests and a Morgan Stanley price target cut weighed on investor sentiment, even as the stock remains strongly positive year-to-date.

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5 days ago

Regulatory headwinds in Europe and broker target cut weigh on Uber shares

Regulatory headwinds in Europe and broker target cut weigh on Uber shares
Pressure on Uber stock intensified after fresh regulatory protests across Europe coincided with a price target reduction by Morgan Stanley. Demonstrations by taxi operators in Barcelona backed proposed legislation that could sharply reduce ride-hailing licenses, while similar resistance surfaced in the UK and Canada. The brokerage lowered its target to $110 from $115 but retained an Overweight rating. 
Companies:
  • Uber
  • Morgan Stanley
Tags:
  • uber
  • us stocks