Citi analyst Judy Zhang raised the firm’s price target on Qifu Technology (QFIN) to $37.50 from $31.44 and keeps a Buy rating on the shares. The company reported a solid Q3 beat on a large provision writeback, the analyst tells investors in a research note. The firm says Qifu’s asset quality further improved in Q3.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QFIN: