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Fly News Breaks for March 20, 2017
MTCH
Mar 20, 2017 | 07:46 EDT
Wells Fargo says that the recent weakness of Match Group has created an attractive entry point. Wells blames the stock's weakness on a number of factors, including lower than expected full-year guidance, concerns about its assets other than Tinder, and investments in Tinder. The firm says that comScore data shows that Tinder continues to grow quickly, and it believes that the company is improving the mobile versions of its other websites. Wells keeps an Outperform rating on the shares.
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