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LC

LendingClub

$4.41

0.055 (1.26%)

07:40
07/19/18
07/19
07:40
07/19/18
07:40

LendingClub downgraded as FTC probe seen detering investors at Morgan Stanley

As previously reported, Morgan Stanley analyst James Faucette downgraded LendingClub to Equal Weight from Overweight as he thinks the previously disclosed FTC investigation into the company's lending practices will be a drag on new investor interest and involvement in the stock until it is resolved. While its fundamentals are undervalued, there is also execution risk, added Faucette, who lowered his price target on LendingClub shares to $5 from $6.

  • 07

    Aug

  • 09

    Aug

LC LendingClub
$4.41

0.055 (1.26%)

07/19/18
MSCO
07/19/18
DOWNGRADE
MSCO
Equal Weight
LendingClub downgraded to Equal Weight from Overweight at Morgan Stanley
06/01/18
CHLM
06/01/18
NO CHANGE
Target $5
CHLM
Buy
Craig-Hallum sees LendingClub loan volumes accelerating
LendingClub's new credit model enables it to say "Yes" more often when underwriting, which should drive improved loan growth and operating margins, Craig-Hallum analyst Bradley Berning tells investors in a research note. The analyst raised his Q2 loan sale assumption to $2.63B from $2.46B, up 14% from Q1. The analyst, however, left his revenue and EBITDA estimates unchanged, and keeps a Buy rating on the shares with a $5 price target.
03/27/18
UBSW
03/27/18
INITIATION
UBSW
Neutral
LendingClub initiated with a Neutral at UBS
UBS analyst Eric Wasserstrom initiated LendingClub with a Neutral rating and $4 price target, seeing in-line EPS and valuation for the company.
03/09/18
OPCO
03/09/18
NO CHANGE
Target $5
OPCO
Outperform
Oppenheimer a long-term buyer of LendingClub following meetings with CFO
Oppenheimer analyst Jed Kelly told investors in a research note that he continues to be a long-term buyer of LendingClub after hosting investor meetings with Tom Casey, the company's chief financial officer, and Artem Nalivayko. Investor Relations. Kelly, who has an Outperform rating and $5 price target on LendingClub, said that despite some near-term volatility around recent quarterly results, management remains "positive" in the long-term potential to extract greater value in the company's $9B-plus origination scale. According to Kelly, the company is aware of the challenge to drive efficient growth through paid marketing, and is "encouraged" by its structured programs, especially certificates, and "discussing internally how to better telegraph securitization progress to the Street." LendingClub has "limited enthusiasm" around buying smaller/sub- scale online lenders based on a current valuation disconnect, Kelly added.

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