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Fly News Breaks for July 26, 2018
TREE
Jul 26, 2018 | 14:27 EDT
SunTrust analyst Youssef Squali lowered his price target for LendingTree to $280 from $310 on mixed Q2 results. The analyst notes that rising rates and tough year over year comps created greater head winds for mortgage/credit card segments, but management's diversification strategy helped drive non-mortgage to record levels. Squali reiterates a Hold rating on the shares given decelerating growth, lofty long-term Street expectations, about 3 times stock rise in last 24 months, lowered FY18 guidance and rate head winds.
News For TREE From the Last 2 Days
TREE
Mar 27, 2024 | 16:18 EDT
LendingTree has secured up to $175M in financing in the form of a first lien term loan facility from funds managed by Apollo affiliates. LendingTree intends to draw $125M of the facility upon funding while the remainder will be available as a delayed draw during the following 12 months. The funds will be used for general corporate purposes, which may include repayment of existing debt.