Jefferies reinstated coverage of Lufax (LU) with a Hold rating and $3.20 price target The company reported Q3 results with revenue and earnings missing consensus, the analyst tells investors in a research note. The firm says that amid uncertainties on macro headwinds, Lufax is making the transition to consumer finance. Jefferies believes more color is needed on the company’s path to profitability.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LU:
- Boeing machinists announce proposal to end strike: Morning Buzz
- Morning Movers: Siyata skyrockets after radio handset availability on T-Mobile
- Options Volatility and Implied Earnings Moves Today, October 21, 2024
- Lufax reports Q3 EPS (16c), consensus (1c)
- Lufax Holding Ltd. (LU) Q3 Earnings Cheat Sheet