Qudian Inc. (QD) Investors, Don’t Let Current Events Spook You: Stifel

Qudian Inc. (NYSE:QD) share price continued to fall Wednesday after the People’s Bank of China (PBOC) forbade the licensing of new micro-lending practices in China. Has Wall Street gone a bit overboard punishing the online credit firm? Stifel’s John Davis recommends investors initiate or add to positions at current levels.

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