Morgan Stanley upgrade sends LendingClub higher

Nov. 03, 2016 7:32 AM ETLendingClub Corporation (LC)LCBy: Stephen Alpher, SA News Editor5 Comments
  • The stock is inexpensive and positioned for return to growth, says analyst James Faucette, upgrading LendingClub (NYSE:LC) to Overweight. He takes note of key management hires, good capital availability into 2017, and sustainable data analytics advantage.
  • This could be a $17 stock if investor demand recovers quickly, he says.
  • via Notable Calls
  • Shares +6.9% premarket to $5.14.

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