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Fly News Breaks for June 25, 2015
IACI
Jun 25, 2015 | 13:11 EDT
Benchmark Co. raised its price target for IAC/InterActiveCorp to $96 after the company announced its intention to spin off the Match Group through an initial public offering. The firm says that while it would prefer a spinoff without Barry Diller maintaining control of Match, the move should ultimately unlock additional value. It keeps a Buy rating on IAC.
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