JPMorgan upgraded Upstart (UPST) to Overweight from Neutral with a price target of $88, down from $93. The firm is taking a more positive stance on the “more seasoned” fintech lenders, citing a favorable stable credit trends and potential interest rate cuts. Upstart offers the best risk/reward among the personal loan originators following the stock’s year-to-date underperformance, the analyst tells investors in a research note.
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