Information Provided By:
Fly News Breaks for October 22, 2019
TREE
Oct 22, 2019 | 07:48 EDT
Oppenheimer analyst Jed Kelly lowered his price target for LendingTree to $400 from $415 ahead of the company's Q3 earnings and December Investor Day. The analyst carries a positive bias toward revenue but reduces his 2020 EBITDA estimate by 5% to the lower end of the Street estimate range on incremental marketing investments in MyLendingTree. Kelly expects a slight margin drag that could keep shares range bound near-term until a clearer margin profile emerges. He reiterates an Outperform rating on the shares.
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.