LendingClub price target raised to $22.50 from $21 at Stephens

Stephens raised the firm’s price target on LendingClub (LC) to $22.50 from $21 and keeps an Overweight rating on the shares. Q1 EPS of 44c topped the firm’s and the Street’s 36c estimate, notes the analyst, who likes “the prudent growth story combined with the Bank” balance sheet, which the firm sees as a differentiator, particularly as capital markets uncertainty increases.