OneConnect Announces First Quarter 2024 Unaudited Financial Results

Go back to OneConnect Announces First Quarter 2024 Unaudited Financial Results

OneConnect Financial (OCFT) PT Lowered to $5.56 at Citi

May 21, 2024 1:25 PM EDT

Citi analyst Judy Zhang lowered the price target on OneConnect Financial (NYSE: OCFT) to $5.56 (from $7.00) while maintaining a Buy rating.

The analyst comments "OCFT reported narrower net loss from continuing operations of -RMB54mn in 1Q24 (vs. -RMB72mn in 1Q23)... More