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Fly News Breaks for December 7, 2018
TREE
Dec 7, 2018 | 13:55 EDT
Following LendingTree's recent annual investor day, Stephens analyst John Campbell said he thinks Mortgage segment challenges are "both expected and temporary" while he is excited about the company's evolving diversification efforts and emerging brand awareness. While he believes the company's diversification and branding efforts will take more investment in the near-term, Campbell also thinks "they are well worth it over the long haul." He keeps an Overweight rating and $350 price target on LendingTree shares.
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