SunTrust lowers its Lyft (LYFT, $27.53) price target to $45 from $74, saying the company is seeing sustained demand pressures so far in Q2. There’s also a lack of visibility as to when the economy reopens in a material way, says the firm. SunTrust reduces its 2020 revenue forecast to $2.9 billion from $4.7 billion, below the consensus of $3.41 billion. Last week, Lyft announced it was laying off 17% of its workforce due to COVID-19.