Morgan Stanley analyst James Faucette downgrades Affirm Holdings (NASDAQ:AFRM) from Overweight to Equal-Weight and lowers the price target from $46 to $15.
Affirm Holdings Inc (NASDAQ: AFRM) topped off the earnings season for “buy now, pay later” and lending stocks with a disappointing report Wednesday — a possible indicator that the upcoming reports for other stocks in the sector may be just as sour.