- Mizuho analyst James Lee kept a Buy rating on Uber Technologies Inc (NYSE:UBER) with a $72 price target (100% upside). Lee reiterated Uber as a top pick in the U.S.
- Washington passed a new law that enabled gig drivers to remain as contractors while receiving benefits like injury protection and paid medical leave.
- The law compromised the state legislature, unions, and ridesharing companies like Uber and Lyft Inc (NASDAQ:LYFT).
- Also Read: Uber Et al Campaign Against Democrat’s Efforts To Classify Gig Workers As Employees, Lyft, GrubHub Follow Uber, Boost Gig Driver Pay
- The structure is similar to Proposition 22 in California, and incremental costs are comparable.
- He expects Uber to pass these costs to consumers.
- Price Action: UBER shares traded higher by 0.25% at $36.07 in the premarket on the last check Monday.
- Photo via Pixabay
Darden Restaurants Q2 EPS $1.48 Beats $1.43 Estimate, Sales $2.27B Beat $2.23B Estimate
Darden Restaurants (NYSE:DRI) reported quarterly earnings of $1.48 per share which beat the analyst consensus estimate of $1.43 by 3.5 percent. This is a 100 percent increase over earnings of $0.74 per share from the
