B of A Securities Maintains Neutral on Lufax Holding, Lowers Price Target to $2.75
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Neutral rating on Lufax Holding while lowering the price target from $5.22 to $2.75.
August 23, 2024 | 12:53 pm
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NEGATIVE IMPACT
B of A Securities has maintained a Neutral rating on Lufax Holding but significantly lowered the price target from $5.22 to $2.75, indicating a less optimistic outlook.
The significant reduction in the price target from $5.22 to $2.75 by B of A Securities suggests a less favorable view on Lufax's future performance, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100