LendingTree price target raised to $72 from $62 at Truist

Truist raised the firm’s price target on LendingTree (TREE) to $72 from $62 and keeps a Buy rating on the shares. LendingTree’s solid Q3 results and upbeat outlook highlight broad-based double-digit growth across all segments, led by Insurance, the analyst tells investors in a research note. The company’s improving leverage enhances flexibility for shareholder returns, while its scale and diversified revenue base position it well for continued recovery as rates normalize, Truist says.