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Fly News Breaks for December 12, 2019
TREE
Dec 12, 2019 | 07:41 EDT
Oppenheimer analyst Jed Kelly lowered his price target for LendingTree to $380 from $410 and maintained an Outperform rating, saying he came away from the company's investor day incrementally encouraged in the long-term growth trajectory, despite management providing an initial FY20 outlook below the Street. Kelly tells investors in a research note that he views the guidance as somewhat conservative, especially on the top line, and sees Insurance, on solid execution along with favorable industry tailwinds, as the most logical source for upside.
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