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JPMorgan says shares of this little-known online lender can rally more than 50%

Pelican Press

By Pelican Press,
in World News

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Strong fundamentals and the potential for robust returns make ******** online lending platform Qifu Technology an attractive buy, according to JPMorgan. The bank initiated the stock with an overweight rating and a $65 per share price target. JPMorgan’s forecast implies more than 51% upside from Tuesday’s close. Analyst Katherine Lei said Qifu’s return on equity — a widely followed profitability…

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