Citi upgrades Uber to buy: 'The risk/reward has tilted favorably'

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, saying it now sees more clarity for the stock despite headwinds such as California's law on contractors and a post-IPO lockup of early investors' shares until early November.