Uber Stock: Morgan Stanley Reduces Price Target Following EV Program Cuts

TLDR Uber shares fell 5.6% to $83.18 after Morgan Stanley reduced its price target from $115 to $110 The company ended monthly electric vehicle driver bonuses as part of pullback on climate programs European protests escalated with 1,500 Barcelona taxi drivers blocking streets over proposed ride-hailing restrictions Citizens cited Waymo and Tesla autonomous vehicle technology [...]

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