UBS raised the firm’s price target on LexinFintech (LX) to $13.60 from $9.60 and keeps a Buy rating on the shares. Lexin delivered a modest earnings beat in Q4, with the sequential earnings growth primarily driven by a modest decline in total provision cost by RMB 73M quarter over quarter, the analyst tells investors in a research note. The firm has greater confidence in the company’s turnaround trajectory post-Q4 results.
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