Citigroup Downgrades LexinFintech Holdings to Neutral, Lowers Price Target to $2.12
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Judy Zhang has downgraded LexinFintech Holdings (LX) from Buy to Neutral and reduced the price target from $3.86 to $2.12.

November 24, 2023 | 10:29 am
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NEGATIVE IMPACT
Citigroup downgraded LexinFintech Holdings from Buy to Neutral and lowered the price target from $3.86 to $2.12, indicating a less optimistic outlook.
A downgrade from Buy to Neutral suggests that Citigroup's outlook on LexinFintech Holdings has become more cautious. The reduction in the price target further implies that the expected future performance of the stock may not be as strong as previously anticipated. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100