LX - LexinFintech: Upgrade From Sell To Hold Due To Large Cost-Cutting Potential
2025-06-26 08:48:25 ET
Introduction: Re-rating from "sell" to "hold"
I've written about Lexinfintech ( LX ) in early April where the market was highly volatile due to geopolitical risks since president Trump initiated "Liberation Day". From its peak of $11 per share, the stock price had fallen to around $7. At the time, policy uncertainties were extremely high, especially when China and the United States were in a standoff of tariff retaliations. As a result, even when the stock price had slipped to $7 a share, around the same as beginning of 2025, I had rated it a "sell" due to additional risks against market downturns relative to its competitors. ...
LexinFintech: Upgrade From Sell To Hold Due To Large Cost-Cutting Potential