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TREE

LendingTree

$246.60

7.9 (3.31%)

08:01
07/13/18
07/13
08:01
07/13/18
08:01

LendingTree to acquire Student Loan Hero for $60M in cash

LendingTree announced that it has entered into a definitive agreement to acquire Student Loan Hero, a personal finance website dedicated to helping student loan borrowers manage their student debt. Student Loan Hero offers current and former students in-depth financial comparison tools, educational resources, and unbiased, personalized advice. LendingTree will acquire Student Loan Hero for a total consideration of $60M in cash to be paid upon closing. The transaction is expected to close in the third quarter of 2018, subject to third party consents and other customary closing conditions.

  • 26

    Jul

TREE LendingTree
$246.60

7.9 (3.31%)

07/12/18
OPCO
07/12/18
NO CHANGE
Target $320
OPCO
Outperform
LendingTree price target lowered to $320 from $370 at Oppenheimer
Oppenheimer analyst Jed Kelly lowered his price target for LendingTree to $320 from $370, while reiterating an Outperform rating on the shares. The analyst notes that the shares are off 27% from the company's investor day, and he sees the stock as de-risked into Q2 on refinancing headwinds, limiting the potential for beating and raising its initial 2018 guidance. However, the analyst believes solid underlying fundamentals driving a disproportionate share of financial service advertising remain firmly intact, and thinks the market is under-appreciating the ability of LendingTree's product diversification and paid marketing efficiencies to generate high-20s VMM growth over the medium term.
06/26/18
06/26/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Intel (INTC) downgraded to Underperform from Market Perform at Bernstein with analyst Stacy Rasgon saying she sees the CEO change and leadership vacuum providing some protection from further upward revisions, EPS growth slowing into 2019 as compares get harder and structural issues build, and an increasingly competitive environment. 2. LendingTree (TREE) downgraded to Neutral from Buy at Compass Point with analyst Michael Tarkan citing mortgage deceleration and remaining long-term cycle risks. 3. AMC Networks (AMCX) downgraded to Neutral from Buy at Goldman Sachs with analyst Drew Borst saying slowing advertising growth due to rating headwinds from The Walking Dead franchise and affiliate fee growth challenges in the pay TV ecosystem are a risk to earnings estimates. 4. Square (SQ) downgraded to Equal Weight from Overweight at Stephens with analyst Brett Huff stating that after a "truly remarkable" stock price acceleration over the past two years, he thinks Square is a "special" company, but is taking a breather. 5. Incyte (INCY) downgraded to Sector Perform from Outperform at RBC Capital with analyst Brian Abrahams noting that as he previously suggested, the market overreacted to the setbacks suffered by the company's epacadostat and baricitini programs when he also forecasted a rally to reflect the "substantial Jakafi growth opportunity through its out-year patent cliff". This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/26/18
COMP
06/26/18
DOWNGRADE
COMP
Neutral
LendingTree downgraded to Neutral from Buy at Compass Point
Compass Point analyst Michael Tarkan downgraded LendingTree to Neutral and cut its price target to $275 from $350 citing mortgage deceleration and remaining long-term cycle risks.
05/30/18
DBAB
05/30/18
INITIATION
Target $290
DBAB
Hold
LendingTree initiated with a Hold at Deutsche Bank
Deutsche Bank started LendingTree with a Hold rating and $290 price target.

TODAY'S FREE FLY STORIES

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Netflix

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-2.22 (-0.56%)

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GS

Goldman Sachs

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2.38 (1.05%)

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MRO

Marathon Oil

$20.30

-1.18 (-5.49%)

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PEGI

Pattern Energy

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0.43 (2.52%)

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EPC

Edgewell Personal Care

$51.01

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10:30
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Treasury Option Action: bullish positioning in the 10-year »

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ARNC

Arconic

$19.08

1.69 (9.72%)

, APO

Apollo Global

$35.82

-0.31 (-0.86%)

10:23
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  • 02

    Aug

MSFT

Microsoft

$105.56

0.14 (0.13%)

10:20
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The 0.4% U.S. May business inventory rise »

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LPG

Dorian LPG

$7.95

0.03 (0.38%)

10:19
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  • 01

    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
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10:15
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General news
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Treasury Action: yields remained elevated »

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NFLX

Netflix

$399.49

3.57 (0.90%)

, PH

Parker-Hannifin

$157.79

-3.79 (-2.35%)

10:14
07/16/18
07/16
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Initiation
On The Fly: Top five analyst initiations »

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NFLX

Netflix

$399.49

3.57 (0.90%)

PH

Parker-Hannifin

$157.79

-3.79 (-2.35%)

ROK

Rockwell Automation

$168.02

-3.1 (-1.81%)

FDX

FedEx

$231.55

-2.2 (-0.94%)

HAS

Hasbro

$94.14

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XON

Intrexon

$14.90

-0.48 (-3.12%)

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  • 16

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NFLX

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$399.49

3.57 (0.90%)

, PH

Parker-Hannifin

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-3.79 (-2.35%)

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NFLX

Netflix

$399.49

3.57 (0.90%)

PH

Parker-Hannifin

$157.79

-3.79 (-2.35%)

ROK

Rockwell Automation

$168.02

-3.1 (-1.81%)

FDX

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$231.55

-2.2 (-0.94%)

HAS

Hasbro

$94.14

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Intrexon

$14.90

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Wells Fargo

$56.39

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, VFC

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WFC

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UPS

UPS

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ALV

Autoliv

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SAR

Saratoga Investment

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  • 17

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BAC

Bank of America

$29.10

0.565 (1.98%)

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Bank of America reports June default rate 2.66% vs. 2.98% last month »

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  • 16

    Jul

RDY

Dr. Reddy's

$30.40

-2.86 (-8.60%)

10:13
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Technical Take: Dr. Reddy's falls after injunction against Suboxone generic »

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GOGO

Gogo

$3.86

-0.17 (-4.22%)

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FOXA

21st Century Fox

$46.67

-0.885 (-1.86%)

10:10
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Options
Repeat of bullish three-way spreads in 21st Century Fox »

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  • 27

    Jul

10:10
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General news
U.S. business inventories rose 04% in May, with sales up 1.4%, as forecast »

U.S. business inventories…

CNXN

Connection

$34.08

(0.00%)

10:03
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10:03
Downgrade
Connection rating change  »

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TSLA

Tesla

$308.63

-10.17 (-3.19%)

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