Qifu Technology Shares Fall Sharply After Multiple Broker Downgrades
Qifu Technology (NASDAQ:QFIN) fell 17.9% on Wednesday after several Wall Street analysts downgraded the stock and lowered price targets, following second-quarter results that missed estimates and third-quarter guidance that came in below consensus. Analysts pointed to industry liquidity and credit collection pressures, lower-than-expected loan volu…