Oppenheimer analyst Jason Helfstein raised his price target for IAC (IAC) to $295 from $270 following the company's disclosure of details around the Match Group (MTCH) spinoff. The analyst believes both companies will benefit from the transaction as his calculations suggest 17%-20% 2020/2021 free cash flow/share accretion for Match, with IAC well capitalized, and already deploying capital. Helfstein reiterates an Outperform rating on IAC's shares.
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