JP Morgan Maintains Overweight on LendingClub, Raises Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Reginald Smith maintains an Overweight rating on LendingClub (NYSE:LC) and raises the price target from $12 to $14.
August 20, 2024 | 2:37 pm
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POSITIVE IMPACT
JP Morgan's analyst Reginald Smith has maintained an Overweight rating on LendingClub and increased the price target from $12 to $14, indicating a positive outlook on the stock.
The increase in price target from $12 to $14 by a major financial institution like JP Morgan suggests confidence in LendingClub's future performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100