LendingTree shares are trading higher after Keefe, Bruyette & Woods upgraded the stock from Market Perform to Outperform and raised its price target from $24 to $45. Also, multiple firms raised their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
LendingTree's stock (TREE) experienced a rise after Keefe, Bruyette & Woods upgraded it from Market Perform to Outperform and increased the price target from $24 to $45. Additionally, several other firms also raised their price targets for TREE.
February 28, 2024 | 4:30 pm
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POSITIVE IMPACT
LendingTree's stock received a significant upgrade from Keefe, Bruyette & Woods, moving from Market Perform to Outperform, with a raised price target from $24 to $45. This is complemented by similar positive adjustments from multiple other firms.
The upgrade by Keefe, Bruyette & Woods, a notable financial institution, to Outperform status and the significant increase in price target from $24 to $45, signals strong confidence in LendingTree's future performance. This, along with similar actions from other firms, suggests a consensus on the positive outlook for TREE, likely leading to increased investor interest and potentially higher stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100