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Fly News Breaks for February 24, 2017
TREE
Feb 24, 2017 | 08:21 EDT
Oppenheimer analyst Jed Kelly raised his price target for LendingTree to $140 from $129 after the company generated Q4 EBITDA 15% above consensus and expressed a more confident tone around FY17 guidance, particularly with Mortgages despite higher interest rates. The analyst believes Q4 demonstrates LendingTree is executing on its lender relationships and paid marketing competencies to take advantage of secular tailwinds and gain market share. He reiterates an Outperform rating on the shares.
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