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Fly News Breaks for July 29, 2019
TREE
Jul 29, 2019 | 08:21 EDT
Oppenheimer analyst Jed Kelly lowered his price target for LendingTree to $415 from $440 following another Q2 with "solid" revenue trends but with management reducing EBITDA guidance by 7% on shifting advertising strategies and lower Personal Loan margins. The analyst believes LendingTree is best positioned for outsized share gains in financial services advertising and reiterates an Outperform rating on the shares.
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TREE
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