BWS Financial Raises Price Target on LendingTree (TREE) Following Compare Cards Acquisition

November 18, 2016 9:50 AM EST
Get Alerts TREE Hot Sheet
Price: $104.60 --0%

Rating Summary:
    11 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 29 | New: 6
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BWS Financial reiterated a Buy rating on Lending Tree (NASDAQ: TREE), and raised the price target to $125.00 (from $110.00), as the company announced its acquisition of Compare Cards for $130 million. With the deal closed, TREE would now generate over 50 percent of its revenue from non-mortgage.

Analyst Hamed Khorsand commented, "LendingTree (TREE) is acquiring Compare Cards for $130 million in an effort to expand the Company’s reach with credit cards. The acquisition would enable TREE to have greater traction within a non-mortgage category that hit a legal bump earlier in the year."

For an analyst ratings summary and ratings history on Lending Tree click here. For more ratings news on Lending Tree click here.

Shares of Lending Tree closed at $93.20 yesterday.

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