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Fly News Breaks for December 12, 2019
TREE
Dec 12, 2019 | 08:23 EDT
SunTrust analyst Youssef Squali lowered his price target on LendingTree to $350 and kept his Hold rating after its Analyst Day guidance for FY20 came in lighter than expected. The analyst notes that while the company's diversification strategy positions it as a "holistic marketplace for all of a consumer's financial services needs", potentially boosting its margin profile in the long term, the short term requires higher investment in branding, technology, and CRM solutions, compressing next year's margins.
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