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MTCH

Match Group

$45.65

-0.82 (-1.76%)

07:28
03/20/18
03/20
07:28
03/20/18
07:28

Bumble calls Match Group a 'bully', says will never sell to them, Recode reports

Bumble has issued an advertisement responding to a patent lawsuit by Match Group which alleged the company violated two patents and stole trade secrets, Recode reports, citing the ad. The move comes after Match Group, which owns Bumble competitor Tinder, sought to acquire Bumble for $450M last summer but had its offer rejected, hintinh the lawsuit might be a bargaining chip. In the ad, Bumble wrote, "We swipe left on you. We swipe left on your multiple attempts to buy us, copy us, and, now, to intimidate us. We'll never be yours. No matter the price tag, we'll never compromise our values. We swipe left on your attempted scare tactics, and on these endless games. We swipe left on your assumption that a baseless lawsuit would intimidate us. Given your enduring interest in our company, we expected you to know us a bit better by now. We - a woman-founded, women-led company - aren't scared of aggressive corporate culture. That's what we call bullying, and we swipe left on bullies." Reference Link

MTCH Match Group
$45.65

-0.82 (-1.76%)

03/07/18
JEFF
03/07/18
NO CHANGE
Target $180
JEFF
Buy
IAC price target raised to $180 from $170 at Jefferies
Jefferies analyst Brent Thill raised his price target for IAC (IAC) to $180 in conjunction with his increased price target for Match Group (MTCH). The analyst remains positive on the name and notes that IAC now trades at a greater than $3B discount to its ownership in Match and Angi Homeservices (ANGI). His new price target reflects a sum-of-the-parts analysis. Thill keeps a Buy rating on IAC.
03/09/18
WELS
03/09/18
DOWNGRADE
Target $45
WELS
Market Perform
Match Group downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Peter Stabler downgraded Match Group to Market Perform while raising his price target for the shares to $45 from $42. The analyst believes further share appreciation will need to rely "more squarely on positive revisions rather than multiple expansion." He sees a lot to like about the Match story but feels high expectations are priced into the shares.
03/09/18
03/09/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Mattel (MAT) downgraded to Underweight from Equal Weight at Barclays, with analyst Felicia Hendrix saying Mattel faces downside risk from the potential Toys R Us liquidation. 2. Himax (HIMX) downgraded to Market Perform from Outperform at Northland and to Neutral from Buy at Nomura Instinet. 3. Ecopetrol (EC) downgraded to Underperform from Hold at Santander. 4. Acacia Communications (ACIA) downgraded to Underweight from Equal Weight at Morgan Stanley, with analyst Meta Marshall saying he thinks Wall Street estimates remain too high for 2019 as he does not see a rebound in Acacia's biggest markets -- namely China and datacomm systems -- being as lucrative as consensus expectations given competition and pricing pressures. 5. Match Group (MTCH) downgraded to Market Perform from Outperform at Wells Fargo, with analyst Peter Stabler saying he believes further share appreciation will need to rely "more squarely on positive revisions rather than multiple expansion." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/15/18
UBSW
03/15/18
DOWNGRADE
Target $48
UBSW
Neutral
Match Group downgraded to Neutral from Buy at UBS
UBS analyst Eric Sheridan downgraded Match Group to Neutral while raising his price target for the shares to $48 from $42. The analyst sees a more balanced risk/reward profile with the shares up 45% year-to-date. The long-term growth outlook for the company remains positive, Sheridan tells investors in a research note.

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$33.26

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XLK

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$64.83

-1.14 (-1.73%)

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XLE

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$72.95

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XLY

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$101.56

-1.62 (-1.57%)

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PYDS

Payment Data Systems

$1.68

0.04 (2.44%)

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CSFL

CenterState Banks

$27.74

0.22 (0.80%)

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Charter Financial

$21.62

-0.01 (-0.05%)

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$21.62

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XLB

S&P Select Materials SPDR

$57.25

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Nvidia

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BASFY

BASF

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XLU

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XLP

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$50.13

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XLV

Health Care Select Sector SPDR

$81.77

-0.65 (-0.79%)

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IWM

iShares Trust Russell 2000 Index Fund

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USG

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VLKAY

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