Here's Why Mizuho Views Uber As Top Pick

• 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.
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