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Fly News Breaks for May 13, 2019
IAC
May 13, 2019 | 08:01 EDT
As previously reported, JMP Securities analyst Ronald Josey downgraded IAC to Market Perform from Outperform, stating that while he is impressed with IAC's continued execution, he also believes shares are currently fairly valued. The firm is also terminating coverage of IAC due to a reallocation of analyst resources and said its estimates and rating should not be relied upon going forward.
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