LendingTree price target raised to $70 from $65 at Oppenheimer

Oppenheimer raised the firm’s price target on LendingTree (TREE) to $70 from $65 and keeps an Outperform rating on the shares. Lending Tree reported Q3 EBITDA 9% above consensus, and the firm sees the Insurance marketing up-cycle continuing over the next 18 months, allowing the company to generate healthy free cash flow and right-size its capital structure to its target leverage ratio, the analyst tells investors in a research note.