Analyst Recommends Buying Lufax as Company Shifts to Co-Lending Model for SMEs with Limited Competition and High Growth Potential
Investors urged to buy Lufax as China-based lending company pivots Investors should buy Lufax as the China-based lending company pivots, according to Sanford C. Bernstein. Analyst Tianjiao Yu initiated coverage of the financial technology stock at outperform. The firm’s $2.50 price target for U.S.-listed shares implies 59% upside from where the shares closed Wednesday. “Lufax…