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LexinFintech upgraded to Buy at Citi after ‘solid beat’ in Q3
The Fly

LexinFintech upgraded to Buy at Citi after ‘solid beat’ in Q3

Citi analyst Judy Zhang upgraded LexinFintech (LX) to Buy from Neutral with a price target of $4.40, up from $1.80, following a “solid beat” on lower funding cost in Q3. The firm says signs of an asset quality turnaround emerged with the Q3 report.

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