Goldman Sachs Maintains Neutral Rating for Lufax Holding: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Goldman Sachs has maintained its Neutral rating for Lufax Holding (NYSE:LU) and lowered its price target from $1.90 to $1.70. Lufax's shares are currently trading down 0.8% at $1.24 per share. A move to $1.70 would represent a 37.1% increase from the current share price.

August 23, 2023 | 5:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Goldman Sachs has maintained a Neutral rating for Lufax Holding and lowered its price target. This could potentially impact the stock's performance in the short term.
Goldman Sachs, a major financial institution, has maintained its Neutral rating for Lufax Holding but lowered its price target. This suggests that they do not expect significant growth or decline in the near future, but the lower price target could potentially lead to a decrease in the stock's price as it adjusts to the new target. The stock is currently trading down 0.8%, which may be an early indication of this adjustment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100