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Data: Investing.com; Chart: Axios Visuals

Uber is fast recovering from its disastrous first day as a public company last month, and it looks poised to continue rising as Wall Street banks eagerly slapped "Buy" ratings on the stock.

What's happening: The company's so-called quiet period ended Tuesday for the 29 firms that played a role in underwriting its initial public offering. Once allowed to evaluate the company, they were unsurprisingly bullish.

  • Analysts posted 21 Buy ratings, 5 Holds and 0 Sells, according to data compiled by Bloomberg. The average 12-month price target on the stock is $53.70, nearly 33% above where it closed Monday, notes Yahoo Finance's Heidi Chung.
  • The stock rose 3.6% on Tuesday, but remains below its $45 IPO price.

Yes, but: Despite recommending everyone and their mother buy shares in the "transformational" (Bank of America) "leading global player" (RBC) and "categorical market leader" (Oppenheimer), analysts broadly estimated deeper losses than previously expected for the ride-hailing company this year.

Go deeper: Uber's IPO got caught in a perfect storm

Go deeper

How "naked ballots" could upend mail-in voting in Pennsylvania

Trump signs in Olyphant, Penn. Photo: Eric Baradat/AFP via Getty Images

Pennsylvania's Supreme Court ordered state officials last week to throw out mail-in ballots submitted without a required inner "secrecy" envelope in November's election, the Philadelphia Inquirer reports.

The state of play: The decision went under the radar alongside the simultaneous decision to extend the time that mail-in ballots could be counted, but Philadelphia's top elections official warned state legislators this week that throwing out so-called "naked ballots" could bring "electoral chaos" to the state and cause "tens of thousands of votes" to be thrown out — potentially tipping the presidential election.

Commission releases topics for first presidential debate

Moderator Chris Wallace. Photo: Drew Angerer/Getty Images

Fox News anchor Chris Wallace has selected what topics he'll cover while moderating the first presidential debate between President Trump and former Vice President Joe Biden next week.

What to watch: Topics for the Sept. 29 debate will include Trump and Biden's records, the Supreme Court, COVID-19, economic policy, racism and the integrity of the election, the Commission for Presidential Debates announced on Tuesday. Each topic will receive 15 minutes of conversation and will be presented in no particular order.

Fed chair warns economy will feel the weight of expired stimulus

Treasury Secretary Steven Mnuchin and Fed Chair Jay Powell bump elbows before House hearing on Tuesday. Photo: Joshua Roberts/Pool/AFP via Getty Images

Federal Reserve Chairman Jerome Powell told the House Financial Services Committee on Tuesday that the expiration of Congress' coronavirus stimulus will weigh on the U.S. economy.

Why it matters: Powell warned that the effects of dried-up benefits are a looming risk to the economy, even if the consequences aren't yet visible.

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