TD Cowen analyst Moshe Orenbuch lowered the firm’s price target on Affirm (AFRM) to $110 from $115 and keeps a Buy rating on the shares. The firm updated its price target to reflect is outlook in the Specialty Finance sector affected by macro economic factors and secualr growth in various areas of credit card, auto lending, student lending, non-prime lending, buy-now-pay-later, and lease to own.
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