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Fly News Breaks for June 14, 2017
IAC
Jun 14, 2017 | 09:12 EDT
BofA/Merrill analyst Nat Schindler believes IAC shares remain undervalued and is trading at a discount to enterprise value based on its ownership in Match and implied cost value of Angie's stock. The analyst also said the company has a high cash balance available for acquisitions and other asset in the portfolio have potential for value creation. Schindler rates IAC a Buy with a $133 price target.
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