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Fly News Breaks for November 9, 2018
ANGI, IAC
Nov 9, 2018 | 07:14 EDT
Benchmark analyst Daniel Kurnos views the pullback in IAC (IAC) shares following its earnings report as an attractive entry point, stating that he sees the breaking out both Dotdash and Vimeo going forward as presenting the potential for a "cleaner" core valuation. He also sees Angi Homeservices (ANGI) having upside going forward and thinks Match (MTCH) will potentially bottom out after what he views as an overreaction to its guidance. Kurnos keeps a Buy rating on IAC shares with a $260 price target.
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