Citi analyst Peter Christiansen lowered the firm’s price target on Upstart to $17 from $33 and keeps a Neutral rating on the shares, on which he is also opening a "30-day Negative Catalyst Watch" ahead of the company’s Q4 report due on February 14. While he expects Q4 results to meet the company’s outlook, he is concerned that deteriorating non-prime credit fundamentals and weakening funding supply will lead to a weaker outlook.
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Published first on TheFly
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