Morgan Stanley analyst Brian Nowak raised his price target for Uber Technologies to $57 from $56 saying he sees “bullish signs” in the company’s Q2 results. Uber’s core revenue trends have momentum into the second half of 2019, competition for ridesharing “remains rational,” and the company’s innovation pipeline is “flush,” Nowak tells investors in a post-earnings research note. He also believes Uber-wide profits are coming sooner than expected. The analyst keeps an Overweight rating on the shares. The stock in premarket trading is down 8%, or $3.47, to $39.50.