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Fly News Breaks for December 28, 2018
TREE
Dec 28, 2018 | 08:47 EDT
Northland analyst Mike Grondahl upgraded LendingTree to Outperform with a $273 price target citing favorable risk/reward. Grondahl said LendingTree's valuation has become much more favorable and basis his upgrade on accelerating 2019 top-line and bottom-line growth and the acquisition of QuoteWizard which adds approximately $178M to 2019 revenues, or 23% points of growth.
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.