Tuesday, April 20

Citi said it sees an ‘improved’ risk/reward for Uber

Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks on a webcast during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, May 10, 2019.

Michael Nagle | Bloomberg | Getty Images

Citi upgraded Uber to buy on Monday and said that while recent overhangs like California Assembly Bill 5 and the IPO lock-up might continue, there was now more clarity as to how it would impact the company going forward.

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