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Fly News Breaks for May 1, 2017
LC
May 1, 2017 | 08:54 EDT
As reported previously, Susquehanna analyst James Friedman upgraded LendingClub to Positive from Neutral as his analysis suggests sufficient Q1 momentum to create an upward bias in 2017 and 2018 consensus forecasts. He believes the upside is not contemplated in the current valuation or the high short interest. Friedman raised his price target on LendingClub shares to $9 from $6.
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