BofA analyst Mihir Bhatia lowered the firm’s price target on SoFi Technologies to $10 from $11.50 and keeps a Neutral rating on the shares. The firm thinks the risks to the Consumer Finance stocks are elevated coming into Q3 reporting, but expects Q3 results to be generally in line with expectations on EPS and PPNR, the analyst tells investors in an earnings preview note for the group.
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