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Fly News Breaks for June 8, 2015
IACI
Jun 8, 2015 | 08:10 EDT
JMP Securities believes that IAC has multiple positive catalysts that could enable the company's results to beat expectations. The firm says that Tinder's monetization is ramping, while recent Tinder product updates could lead to improved engagement. The firm is upbeat on the company's Match Group assets and thinks that IAC could spin off certain assets. It raised its price target on the name to $87 from 483 and reiterates an Outperform rating on the shares.
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