UPDATE: CLSA Upgrades LexinFintech Holdings (ADR) (LX) to Underperform (4)

August 19, 2022 7:39 AM EDT
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Price: $1.58 +1.94%

Rating Summary:
    7 Buy, 2 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 12 | Down: 16 | New: 15
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(Updated - August 19, 2022 7:39 AM EDT)

CLSA analyst Ethan Wang upgraded LexinFintech Holdings (ADR) (NASDAQ: LX) from Sell (5) to Underperform (4) with a price target of $2.30 (from $2.10).

The analyst comments "We revise up our TP from US$2.10 to US$2.30, due to: 1) 19% increase in 2023CL EPS; 2) 4% increase in discount due to higher credit driven business contribution; 3) 2% Rmb depreciation. Hence, we upgrade the stock from SELL to Underperform."

For an analyst ratings summary and ratings history on LexinFintech Holdings (ADR) click here. For more ratings news on LexinFintech Holdings (ADR) click here.

Shares of LexinFintech Holdings (ADR) closed at $2.22 yesterday.

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