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Fly News Breaks for August 9, 2019
ANGI, MTCH, IAC
Aug 9, 2019 | 07:07 EDT
Credit Suisse analyst Stephen Ju raised his price target for InterActiveCorp (IAC) to $284 from $263 and maintained an Outperform rating following the company's second quarter results. Ju tells investors in a research note that his investment thesis is based on ongoing traction with Tinder monetization coupled with stabilization of legacy Match.com (MTCH) and OkCupid properties,continued realization of both platform and cost synergies at Angi Homeservices (ANGI) and optionality for incremental share gains for Vimeo among content producers as IAC looks to aggressively acquire new subscribers.