Lyft (NASDAQ:LYFT) announced Tuesday that CFO Elaine Paul will be replaced by Erin Brewer, effective July 10. Guggenheim analysts said the new CEO and CFO hires will reboot the Lyft story and reignite profitable growth for the company. KeyBanc Capital Markets analysts noted that they are not surprised to see Lyft reaffirm guidance given it was just issued on May 4. They believe Brewer was chosen due to her focus on delivering value to customers and experience in competitive sectors. Analysts remain on the sidelines as the company works to reclaim market share from Uber and the new CEO completes his review of long-term growth and margin targets.
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