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LendingClub price target raised to $16.50 from $14 at Keefe Bruyette

Keefe Bruyette analyst Timothy Switzer raised the firm’s price target on LendingClub (LC) to $16.50 from $14 and keeps an Outperform rating on the shares post the Q2 report. The firm says accelerating growth drove the company’s higher guidance. It cites a faster than expected acceleration in trends for upping its estimates further above consensus.

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