Qfin price target lowered to $23.40 from $30.30 at Jefferies

Jefferies lowered the firm’s price target on Qfin (QFIN) to $23.40 from $30.30 and keeps a Buy rating on the shares. The firm, which updated estimates after Q4 results and Q1 guidance, says it factors in “a prudent outlook considering the recent macro and regulatory uncertainties.”