Affirm price target lowered to $43 from $50 at Jefferies

Jefferies lowered the firm’s price target on Affirm to $43 from $50 and keeps a Hold rating on the shares, citing recent compression of industry multiples. Monthly MPL origination volumes remain stable as originators stay “cautiously optimistic,” says the analyst, who notes that delinquencies rose industry-wide in December, in line with typical seasonality, but remain “historically high.”