LendingTree price target raised to $58 from $50 at Susquehanna

Susquehanna analyst James Friedman raised the firm’s price target on LendingTree (TREE) to $58 from $50 and keeps a Neutral rating on the shares. The firm said its 3Q revenue came in stronger than their estimates thanks to hyper-growth in the Insurance segment, which rose 210% year-over-year.