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Fly News Breaks for September 20, 2018
TREE
Sep 20, 2018 | 07:03 EDT
Oppenheimer analyst Jed Kelly reiterated an Outperform rating on LendingTree, telling investors in a research note that he came away from the 2018 Digital Mortgage Conference bullish on the company's long-term opportunity. Few lenders have the capabilities to operate a fully scalable mortgage operation and will be required to outsource different processes, he said, and, as a result, sees large opportunities for scalable platforms such as LendingTree to gain share.
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