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Fly News Breaks for February 26, 2019
TREE
Feb 26, 2019 | 11:59 EDT
Northland analyst Mike Grondahl downgraded LendingTree to Market Perform from Outperform. In a research note to investors, Grondahl says that while 2019 is "reasonably positioned," mortgage and credit cards are "pretty soft" and 2019 is also a bet on LendingTree increasing advertising spend. After the strong run, the analyst says he believes it is prudent to move to Market Perform.
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