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Fly News Breaks for December 26, 2018
TREE
Dec 26, 2018 | 09:53 EDT
BWS Financial analyst Hamed Khorsand kept his Sell rating and $170 price target on LendingTree after its $105M acquisition of Value Holdings. The analyst states that the deal does not add a specific product to the company's service, but rather relies on its ability to increase traffic to its platform in a "tuck in" manner, even though the website "ranks as 103 in insurance", according to SimilarWebs. Khorsand adds that while LendingTree is falling further into debt with another deal, the company may be faced with "challenges in hitting its 2019 EBITDA guidance" without its acquisitions track.
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