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Tree.com (TREE) Target, Estimates Lifted at Needham & Company Post Q4

March 11, 2014 6:44 AM EDT Send to a Friend
Get Alerts TREE Hot Sheet
Price: $35.89 +1.38%

Rating Summary:
    3 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 10
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Needham & Company analyst Shawn Rassouli reiterated a Buy ratings, raised estimates and raised its price target on Tree.com (NASDAQ: TREE) from $35 to $39 following Q4 results after the close.

Rassouli said, "Tree reported another solid quarter with 4Q results handily beating estimates across the board. While the company maintained its 2014 guidance, we believe the guidance has significantly de-risked given the strong Q1 outlook and the company’s visibility into the quarter. We continue to see strong likelihood for upside and believe the risk/reward balance remains favorable despite the stock's strong run in recent periods."

The firm raised FY 2014 EPS from $1.73 to $2.45.

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

Shares of Tree.Com closed at $33.66 yesterday.




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