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Fly News Breaks for October 29, 2019
TREE
Oct 29, 2019 | 07:58 EDT
SunTrust analyst Youssef Squali lowered his price target on Lending Tree to $335 and kept his Hold rating ahead of its Q3 results, modeling a closer-to-peer valuation multiple of 20.2-times enterprise value to expected FY20 EBITDA. The analyst notes that the company is still benefiting from a "more stable" rate environment as well as its diversification efforts led bythe credit card and insurance segments.
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