Citizens Sticks With Market Outperform on LendingClub, Sees $23 Target as Opportunity
Citizens has reaffirmed its Market Outperform rating on LendingClub and maintained a $23.00 price target, citing stable credit metrics, rising originations, product expansion and greater marketplace loan demand. The firm described a recent after-hours pullback as a temporary pricing mismatch and flagged valuation thresholds at which it would increa…