LendingClub (LC) Tops Q2 EPS by 1c; Boosts FY15 Revenue Outlook

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Lending Club's (LC) Overweight Rating Maintained at Pacific Crest

August 5, 2015 10:14 AM EDT

Pacific Crest maintained an Overweight rating on Lending Club (NYSE: LC) with a price target of $23. Comments follow its Q2 print. Analyst Josh Beck thinks results are likely to ease market concerns.

"Market qualms are likely to be eased by a hiqh-quality beat-and-raise on revenue and EBITDA. Platform and scale benefits... More