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Fly News Breaks for February 27, 2019
TREE
Feb 27, 2019 | 07:18 EDT
SunTrust analyst Youssef Squali raised his price target on LendingTree to $285 after its Q4 results showed "strength across personal loans and insurance offsetting weakness in mortgage" and its raised FY19 outlook. The analyst is positive on the company's new insurance vertical and sees the headwinds in the mortgage segment abating, but also keeps his Hold rating on LendingTree from a valuation perspective after its 48% year-to-date run-up, saying he prefers to wait for confirmation of faster growth from its accelerated investment.
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.