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Fly News Breaks for June 16, 2017
TREE
Jun 16, 2017 | 07:06 EDT
Oppenheimer analyst Jed Kelly raised his price target for LendingTree to $190 saying the company is executing on its lender relationships and "best-of-breed paid marketing competencies" to take advantage of secular tailwinds. Further, LendingTree's "well-received" $300M convertible offering should accelerate the adoption into new product categories, Kelly tells investors in a research note. After reviewing his positive stance on the name with the shares up 32% year-to-date, the analyst keeps an Outperform rating on LendingTree.
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