LendingTree downgraded on reduced estimates at Susquehanna

Susquehanna downgraded LendingTree to Neutral from Positive with a price target of $36, down from $46. The analyst says that while the company’s Q4 results showed "impressive" expense discipline with upside to margins, a more muted outlook across Insurance and Consumer drives reduced 2023 assumptions. With the shares having performed well year-to-date, Susquehanna downgrades LendingTree post the results.