BMO Capital analyst Daniel Salmon raised his price target on IAC (IAC) to $321 and kept his Outperform rating after its in-line Q1 results. The analyst sees the stock as "underpinned" by the performance of Match Group (MTCH) and Angi Homeservices (ANGI), in which IAC has 80% and 83% respective stakes. Salmon adds however that his preference is also with IAC relative to the Match and Angi given the market's "negative value" for its other businesses.
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. GOVERNMENT SCRUTINY: The Biden... To see the rest of the story go to thefly.com. See Story Here