LendingClub Downgraded On Risk Management, Stock Tanks
LendingClub has been pumped up and expectations are the stock price is getting ahead of reality, indicates a new analyst call.
Such is the general message behind a Sterne Agee downgrade of LendingClub. The firm announced today it was initiating a underperform rating with a $17.75 price target. In early morning trade LendingClub is trading at $21.37, down nearly 7 percent on the day.
Lending Club's risk management
A key . . .
![]() SORRY! This content is exclusively for paying members. If you are subscribed and having an account error please clear cache and cookies if that does not work email support@valuewalk.com or click Chat.
|