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LendingTree price target raised to $62 from $60 at Truist

Truist raised the firm’s price target on LendingTree (TREE) to $62 from $60 and keeps a Buy rating on the shares. The company’s stronger than expected results in Q2 and outlook keep the firm constructive on the stock as it sees LendingTree’s scale, well diversified revenue base and valuation providing an attractive play on the ongoing recovery in Insurance and over time in the Home and Consumer segments as rates normalize, the analyst tells investors in a research note.

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