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Fly News Breaks for December 13, 2019
TREE
Dec 13, 2019 | 08:31 EDT
Needham analyst Mayank Tandon lowered his price target on LendingTree to $400 after its Analyst Day initial guidance for 2020 came in lower than expected due to near-term softness in personal loans and cards businesses. The analyst also lowers his FY20 EPS view to $6.55 from $8.00 but keeps his Buy rating on the stock, claiming that the company's longer-term drivers of business remain intact.
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