Here is Why Hedge Funds Favor LendingClub (LC)

LendingClub Corporation (NYSE:LC) is one of the best financial pure plays under 100accordingtoHedgeFunds.JPMorgananalystReginaldSmithreaffirmedhisstanceonLendingClubCorporation(NYSE:LC)onDecember4.TheanalystreiteratedanOverweightratingforthestockandraisedhispricetargetfrom100 according to Hedge Funds. JPMorgan analyst Reginald Smith reaffirmed his stance on LendingClub Corporation (NYSE:LC) on December 4. The analyst reiterated an Overweight rating for the stock and raised his price target from 22 to $25. According to Smith’s revised estimates, the stock offers over 19% upside from the current level. conejota/Shutterstock.com Smith raised his price target for LendingClub Corporation (NYSE: ...