LendingTree price target raised to $38 from $25 at JPMorgan

JPMorgan analyst Melissa Wedel raised the firm’s price target on LendingTree to $38 from $25 and keeps an Overweight rating on the shares post the Q4 report. While the company’s more sanguine outlook for revenue growth versus expectations pressured the stock, the focus should remain on adjusted EBITDA, the analyst tells investors in a research note. The firm says LendingTree indicated EBITDA troughed in Q4.