LendingClub Downgraded On Risk Management, Stock Tanks – ValueWalk Premium

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 . . .

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