LendingTree price target raised to $80 from $60 at Northland

Northland raised the firm’s price target on LendingTree (TREE) to $80 from $60 and keeps an Outperform rating on the shares. Following a “solid” Q2 earnings performance and guidance raise, the firm argues that potential Fed rate cuts in the second half of the year could serve as a significant catalyst for the Mortgage segment and sees LendingTree taking advantage of ongoing tailwinds from lower interest rates.