BTIG raised the firm’s price target on LendingClub (LC) to $26 from $18 and keeps a Buy rating on the shares after the company’s investor day. Three of LendingClub’s institutional loan buyers presented on behalf of LendingClub, discussing why they choose to buy LendingClub loans over other platforms, and several metrics compared LendingClub – usually viewed as a “traditional” lender- favorably with other fintech platforms, the analyst tells investors in a research note.
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