Arete upgraded Uber (UBER) to Buy from Neutral with a price target of $125, up from $82. The firm believes concerns over competition from autonomous vehicles are overdone, as other providers lack the ability to manufacture affordable vehicles at scale. Uber’s majority of gross bookings come from consumers with over $100,000 in annual income, reducing consumer spending risk compared to peers.

Source: TheFly

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Read more at Yahoo Finance: Arete upgrades Uber with autonomous vehicles risk seen as overdone