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Fly News Breaks for February 11, 2019
IAC
Feb 11, 2019 | 08:46 EDT
Jefferies analyst Brent Thill raised his price target for IAC to $260 while reiterating the company as a top mid cap idea. In a post-earnings research note titled "No Substitute for Consistency," Thill says he trusts management's ability to create shareholder value. With its highest cash balance since 2008, M&A is the most likely outcome, he says. The analyst, however, feels the setup for IAC shares does not appear as favorable as last year, with its revenue growth decelerating from 29% in 2018 to an estimated 12% in 2019.
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