Uber Technologies (NYSE:UBER) Stock Rating Lowered by Erste Group Bank
Erste Group Bank downgraded Uber Technologies' stock rating from "buy" to "hold." Despite this, other analysts maintain a positive outlook, with UBS Group, Arete, BTIG Research, and Weiss Ratings reaffirming "buy" ratings and setting high price targets. Uber's stock traded up 1.2% recently, and the company reported strong quarterly earnings, surpassing expectations. Insider trading activity includes significant stock sales by Uber's CFO and CEO. Institutional investors have adjusted their stakes in the company, with some increasing their holdings.