MeridianLink to Grow on Rate Cuts, Higher Customer Confidence -- Market Talk

Dow Jones

2024/11/12

1147 ET - MeridianLink should benefit from increasing financial customer confidence on the mid-term economic outlook, UBS analysts say in a research note. The digital lending company is expected to see gains from a more favorable lending environment on the horizon from additional rate cuts in 2025, the analysts add. UBS raises its recommendation on the stock to neutral from sell and increases its target price to $25.50 per share from $18 previously. Shares rise 3.9% to $25.02. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

November 11, 2024 11:47 ET (16:47 GMT)

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