Janney Montgomery Scott analyst John Rowan downgraded LendingClub to Neutral from Buy with a $10 fair value estimate following the company’s Q4 report. While there "was not really a surprise" with the Q4 results, management "communicated a different story for 2023 and drastically narrowed" its guidance due to a lack of earnings visibility, the analyst tells investors in a research note.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on LC:
