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Fly News Breaks for November 12, 2019
ANGI, MTCH, IAC
Nov 12, 2019 | 07:24 EDT
Guggenheim analyst Jake Fuller lowered his estimates for IAC (IAC) to account for Q3 results and guidance, noting that results were largely in line, but the Q4 EBITDA guidance was below consensus. He also said in his note to investors that he estimates an IAC shareholder would get about $156 per share in Match Group (MTCH) stock and net cash would increase by $30-$38 per share, depending on the scale of a Match dividend if a spinoff goes forward. He lowered his price target on IAC shares to $270 from $300, mainly due to the reduction in the market value of Match and Angi Homeservices (ANGI) since the beginning of August. Fuller keeps a Buy rating on IAC shares.
News For IAC;MTCH;ANGI From the Last 2 Days
MTCH
Mar 27, 2024 | 15:57 EDT
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