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LC Crosses Above Average Analyst Target

In recent trading, shares of LendingClub Corp (LC) have crossed above the average analyst 12-month target price of $15.35, changing hands for $15.89/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..

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LendingClub Corporation (LC)