Lyft Falls Following Downgrade

Lyft (NASDAQ:LYFT) reported its shares fell in early Monday trading after Lyft was downgraded to hold from buy at research firm Gordon Haskett. The firm said in a note that Lyft’s active rider metric for the fourth quarter could fall short of expectations.Analyst Robert Mollins lowered his rating on the ride-sharing company to hold from buy, while cutting the per-share price target to $19 from $24, citing worries about active riders falling below estimates, which could lower the firms revenue growth.Mollins lowered his 2023 and 2024 estimates on Lyft, cutting his revenue forecast to $4.7…