LendingTree price target raised to $37 from $24 at Truist

Truist raised the firm’s price target on LendingTree to $37 from $24 and keeps a Buy rating on the shares. The company reported mixed Q4 results and guidance that reflect the persistent effects of higher rates and tightening credit on its offerings, though green shoots are emerging with Insurance revenue expected to grow double digits, the analyst tells investors in a research note. The company’s diversified product mix along with a highly variable cost structure and ample liquidity should help it sustain above-industry growth for the foreseeable future, the firm added.