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Fly News Breaks for March 22, 2017
LC
Mar 22, 2017 | 07:03 EDT
Wedbush analyst Henry Coffey upgraded LendingClub to Neutral saying management has made a very good case in recent meetings on how they will enhance the breadth of the marketplace and grow volumes. Coffey is holding his 2017-18 adjusted estimates at current levels and introduced a 2019 earnings estimate of 34c and refocusing his price target methodology on simply 2019E adjusted EBITDA, resulting in an increase in his price target to $5 from $4.50.
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