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LC

LendingClub

$6.04

0.09 (1.51%)

08:54
10/11/16
10/11
08:54
10/11/16
08:54

LendingClub initiated at Wedbush

As noted earlier, Wedbush analyst Henry Coffey initiated LendingClub with a $3.75 price target and an Underperform rating. The analyst says that the company is three to five years from reporting a "meaningful" profit. He thinks that the company's originations probably won't rise much above current levels, given the limitations of its marketplace model and the difficulties of obtaining funding from more conventional sources.

LC LendingClub
$6.04

0.09 (1.51%)

10/10/16
WEDB
10/10/16
INITIATION
Target $3.75
WEDB
Underperform
LendingClub initiated with an Underperform at Wedbush
Wedbush analyst Henry Coffey initiated LendingClug with an Underperform and a $3.75 price target.
08/04/16
08/04/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. LendingClub (LC) initiated with a Perform at Oppenheimer. 2. uniQure (QURE) assumed with a Buy at H.C. Wainwright. 3. Sunworks (SUNW) initiated with a Buy at Chardan. 4. CSX ( CSX), Canadian Pacific (CP), Norfolk Southern (NSC), and Union Pacific (UNP) initiated with a Hold, and Kansas City Southern (KSU) initiated with a Buy at Loop Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/03/16
OPCO
08/03/16
INITIATION
OPCO
Perform
LendingClub initiated with a Perform at Oppenheimer
Oppenheimer analyst Jed Kelly initiated LendingClub with a Perform rating saying he would to wait for better visibility around loan buyer demand before getting constructive on shares.
07/25/16
ADAM
07/25/16
NO CHANGE
ADAM
Online lending stocks should continue to see headwinds in Q2, says Canaccord
Canaccord believes the online lending stocks are likely to face headwinds through Q2 earnings as investors continue to be concerned about credit risk, investors demand for loans, regulatory action, and layoffs. The firm believes the companies' models hold promise and the public companies should benefit from the tougher capital raising environment for private players. Canaccord maintains its Hold rating on both Lending club (LC) and On Deck Capital (ONDK).

TODAY'S FREE FLY STORIES

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General news
FX Update: Most dollar pairings remained with Monday's ranges »

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JUNO

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SGEN

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GNMSF

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TGTX

TG Therapeutics

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0.2 (3.64%)

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RHHBY

Roche

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Roche to hold an analyst meeting »

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AZO

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GDDY

GoDaddy

$34.74

1.45 (4.36%)

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BDC

Belden

$74.99

0.9 (1.21%)

20:10
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Earnings
Belden sees FY17 adjusted EPS $5.00-$5.25, consensus $5.23 »

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  • 05

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SGMO

Sangamo

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  • 05

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SGEN

Seattle Genetics

$66.26

-0.44 (-0.66%)

, BMY

Bristol-Myers

$55.55

-0.41 (-0.73%)

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$66.26

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BMY

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  • 05

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LGIH

LGI Homes

$32.34

0.45 (1.41%)

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CELG

Celgene

$116.56

-1.07 (-0.91%)

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  • 06

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BLUE

bluebird bio

$72.15

2.4 (3.44%)

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AGIO

Agios Pharmaceuticals

$49.88

-7.09 (-12.45%)

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MRK

Merck

$60.25

-0.88 (-1.44%)

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  • 06

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TWX

Time Warner

$93.34

-0.46 (-0.49%)

, T

AT&T

$38.63

0.02 (0.05%)

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Periodicals
Time Warner 'struggling to expand' HBO Now, NY Post says »

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BP

BP

, REPYY

Repsol

$13.88

0.25 (1.83%)

19:18
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Periodicals
BP acquires Repsol stake in Indonesia LNG plant, Reuters says »

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Repsol

$13.88

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FOSUF

Fosun

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VZ

Verizon

$49.75

-0.06 (-0.12%)

, YHOO

Yahoo

$40.20

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$49.75

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YHOO

Yahoo

$40.20

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  • 05

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TUWOY

Tullow Oil

$2.06

0.109 (5.58%)

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Downgrade
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GBNK

Guaranty Bancorp

$22.15

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ATKR

Atkore

$20.48

-0.18 (-0.87%)

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Syndicate
Atkore files to sell 8M shares of common stock for holders »

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UTX

United Technologies

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IPDN

Professional Diversity Network

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