Tree (TREE) PT Lifted to $130 at BWS Financial

BWS Financial analyst Hamed Khorsand reiterated a Buy rating and boosted his price target on Tree.Com (NASDAQ: TREE) to $130.00 (from $75.00) after the company exceeded expectations in Q2.

"The increase in revenue was the result of faster growth in non-mortgage and TREE benefiting from the seasonal strength in the mortgage industry," Khorsand commented. "The addition of several product lines within non-mortgage is starting to generate returns for TREE along with the Company growing MyLendingTree.com subscriber base to 1.4 million."

"There are no signs TREE is experiencing a slow down in business," the analyst added.

For an analyst ratings summary and ratings history on Tree.Com click here. For more ratings news on Tree.Com click here.

Shares of Tree.Com closed at $82.60 yesterday.

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