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Fly News Breaks for April 27, 2018
TREE
Apr 27, 2018 | 08:03 EDT
SunTrust analyst Youssef Squali lowered his price target on LendingTree to $310 after its Q1 results, saying that while the company saw strong execution in mortgages despite the rising interest rates and tough annualized comps, its EBITDA and earnings revealed a slight margin contraction. The analyst keeps his Hold rating on LendingTree, adding that after the rise in the stock price in 2017 and its long-term estimates do not support the company's reiteration of FY18 guidance.
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