BUZZ-DoorDash up after Wedbush upgrades stock to 'outperform'

Reuters

11/13

** Shares of online food delivery platform DoorDash DASH.O up ~1% at $199 premarket** Brokerage raises rating on stock to "outperform" from "neutral" citing DASH's leading competitive position within the U.S. food delivery market

** Initiatives such as creating a cohesive global tech platform, new verticals and products, as well as global expansion will expand DoorDash's addressable market and strengthen its global offerings, brokerage says

** Last week, DASH missed Q3 profit estimates due to higher costs** Up to last close, stock up nearly 17% YTD

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))

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