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Fly News Breaks for September 18, 2019
ANGI, MTCH, IAC
Sep 18, 2019 | 07:33 EDT
Cowen analyst John Blackledge explored the potential of IAC (IAC) spinning off its Match Group (MTCH) and Angi Homeservices (ANGI) stakes and he thinks it could occur around Q3 earnings and be effective mid to late next year. The analyst estimates IAC standalone will emerge with a $5B equity value and could unlock another $3B in value at current levels. Blackledge reiterated his Outperform rating and $315 price target on IAC shares.
News For IAC;MTCH;ANGI From the Last 2 Days
MTCH
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