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Fly News Breaks for November 12, 2015
TREE
Nov 12, 2015 | 09:28 EDT
Stephens analyst Hayden Blair believes Lendingtree has hit an inflection point both in terms of fundamentals and from a business transformation standpoint and raised the firm's price target on the stock to $145 from $113. Blair, who thinks the company has the potential to do "highly accretive" M&A deal over the near to medium term, keeps an Overweight rating on the stock.
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