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Fly News Breaks for September 3, 2019
TREE
Sep 3, 2019 | 06:29 EDT
UBS analyst Eric Wasserstrom upgraded LendingTree to Buy and raised his price target to $395 from $355, citing his outlook for improving revenue and EBITDA along with the recent compression in valuation and "manageable" leverage levels. The analyst further cites his expectation for improving mortgage volumes and refinancing, adding that the volume increase can be attained with "little incremental marketing cost".
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