Morgan Stanley downgraded its investment rating on US online personal finance company Sophie from Overweight to Overweight.
According to Morgan Stanley on the 16th, the prospect of Sofais stock price has become more uncertain as the grace period for student loan loans may be extended.
Morgan Stanley said he expected student loans to rebound sharply once the Biden administration lifts the moratorium on federal student loans, which was due to end after January 31.
Accordingly, Morgan Stanley proposed a price target of $10 per share from $18 per share.
Meanwhile, SoFi is a P2P financial company that started with student loan services and is gradually evolving into a comprehensive financial service provider that provides credit loans, home equity loans, stock trading, debit cards, insurance, and investment advisory services.