Jefferies analyst John Hecht raised the firm’s price target on LendingClub (LC) to $12 from $11 and keeps a Buy rating on the shares. As industry trends and changing rate expectations were net positives, Fintech shares outperformed this quarter, notes the analyst in a preview and adds that the firm favors LendingClub, Pagaya (PGY) and Open Lending (LPRO) among the group.
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