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Fly News Breaks for November 8, 2019
ANGI, IAC
Nov 8, 2019 | 07:10 EDT
Credit Suisse analyst Stephen Ju lowered his price target for IAC (IAC) to $256 from $284 following the company's Q3 results, saying the highlight of the quarter was the better-than-expected growth in IAC's Angi Homeservices (ANGI) segment as headwinds in its paid search channel stabilized and the shift towards fixed price services drove improved traffic conversion and order frequency. The analyst keeps an Outperform rating on the shares.
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