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Fly News Breaks for February 26, 2020
TREE
Feb 26, 2020 | 08:09 EDT
Stephens analyst John Campbell lowered his revenue estimates "a bit" in 2020 and 2021 for LendingTree and trimmed his price target on the shares to $440 from $450 following the company's Q4 report. However, he contends that the public market value of the core franchise is "far more" than where it is currently priced given what strategics are willing to pay for very similar assets. Campbell recommends that long-term investors use temporary periods of weakness to build positions and keeps an Overweight rating on LendingTree 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.