tiprankstipranks

Lufax downgraded to Sell from Hold at Deutsche Bank

Deutsche Bank downgraded Lufax (LU) to Sell from Hold with a price target of $2.40, down from $3.30. The firm cut Lufax’s earnings estimates through 2026 up to 25% to reflect a slower loan book expansion and a potential increase in credit risk caused by an escalation of tariff related conflicts and faster new loan provisioning. Deutsche sees increased uncertainty surrounding the company’s near-term valuation driven by a prolonged delay in its financial reporting and potential revisions to historical results.

Don’t Miss TipRanks’ Half-Year Sale

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1