UPDATE: BWS Financial Starts Tree.Com (TREE) at Buy; A New Leaf
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Price: $19.22 -1.69%
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade TREE Now!
(Updated - July 24, 2012 10:50 AM EDT)
BWS Financial initiates coverage on Tree.Com (NASDAQ: TREE) with a Buy. PT $20.00.
Analyst, Hamed Khorsand, said, "TREE has sold its lending business allowing the Company to focus on referral based fees. As a result, more lenders would be enticed to use the service...TREE’s non-mortgage verticals are growing at over 20 percent per year with TREE putting effort in improving the experience."
Khorsand also believes marketing initiatives from lendingtree.com will also boost the number of referrals. The stock could get more investor interest once the second quarter results are reported.
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 $12.85 yesterday, with a 52 week range of $4.64-$13.09.
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BWS Financial initiates coverage on Tree.Com (NASDAQ: TREE) with a Buy. PT $20.00.
Analyst, Hamed Khorsand, said, "TREE has sold its lending business allowing the Company to focus on referral based fees. As a result, more lenders would be enticed to use the service...TREE’s non-mortgage verticals are growing at over 20 percent per year with TREE putting effort in improving the experience."
Khorsand also believes marketing initiatives from lendingtree.com will also boost the number of referrals. The stock could get more investor interest once the second quarter results are reported.
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 $12.85 yesterday, with a 52 week range of $4.64-$13.09.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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