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Fly News Breaks for November 7, 2019
IAC, MTCH
Nov 7, 2019 | 09:38 EDT
SunTrust analyst Youssef Squali lowered his price target on Match Group (MTCH) to $96 but kept his Buy rating after its Q3 results. The analyst notes that the quarter saw "accelerating growth at Tinder and resumption of positive growth in non-Timber brands", but the stock was volatile afterhours given the light Q4 and FY20 guidance on higher legal fees/investments as well as the news that the Board is reviewing a separation proposal from its major stakeholder IAC (IAC).
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