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Fly News Breaks for September 26, 2018
IAC
Sep 26, 2018 | 07:27 EDT
UBS analyst Eric Sheridan raised his price target on IAC to $265 from $224 as he finds the risk/reward compelling as the market is ascribing a negative enterprise value on the non-publicly traded assets within the company. Other companies within the group include Vimeo and Dotdash, which could be the next chapters in the IAC narrative, said Sheridan. He reiterated his Buy rating on IAC shares.
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