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Fly News Breaks for November 11, 2019
MTCH
Nov 11, 2019 | 09:42 EDT
BMO Capital analyst Daniel Salmon lowered his price target on Match Group to $75 and kept his Market Perform rating after its Q3 results and the announcement that the board is 'reviewing' IAC separation proposal last week. The analyst maintains his view that the stock should remain a core "SMID-cap holding" given its "ample opportunity" in a growing market, but believes that the valuation of 25-times forward EBITDA reflects its potential.
News For MTCH From the Last 2 Days
