Truist raised the firm’s price target on LendingTree (TREE) to $72 from $62 and keeps a Buy rating on the shares. The company’s stronger than expected results in Q3 and outlook keep the firm constructive on the stock as its scale, well diversified revenue base and valuation provide an attractive play on the ongoing recovery in Insurance and over time in the Home and Consumer segments while interest rates normalize, the analyst tells investors in a research note.
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