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Fly News Breaks for February 22, 2019
TREE
Feb 22, 2019 | 07:11 EDT
Oppenheimer analyst Jed Kelly maintained an Outperform rating on LendingTree and raised his price target to $350 from $300, telling investors in a research note that he remains a long-term buyer on significant share gains and upward estimate revisions. While he expects "solid" Q4 results on February 27, Kelly notes that LendingTree's material year-to-date share price outperformance "creates a tricky setup" into earnings.
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