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IAC

IAC

$254.46

-2.68 (-1.04%)

, ANGI

Angi Homeservices

$8.90

-0.515 (-5.47%)

08:46
08/12/19
08/12
08:46
08/12/19
08:46

IAC price target raised to $300 from $280 at Jefferies

Jefferies analyst Brent Thill raised his price target for IAC (IAC) to $300 from $280 and keeps a Buy rating on the shares. A spinoff of Angi Homeservices (ANGI) is unlikely given the recent stock underperformance, but a Match Group (MTCH) is more likely, Thill tells investors in a research note. IAC's current stake in Match is worth $240 per share versus the current $255 stock price, which doesn't reflect the value of the other assets, explains the analyst. He says IAC remains a top mid cap pick for its ability to create long-term shareholder value.

IAC

IAC

$254.46

-2.68 (-1.04%)

ANGI

Angi Homeservices

$8.90

-0.515 (-5.47%)

MTCH

Match Group

$85.61

-1.5 (-1.72%)

  • 05

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  • 10

    Sep

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    Oct

IAC IAC
$254.46

-2.68 (-1.04%)

08/09/19
OPCO
08/09/19
NO CHANGE
Target $310
OPCO
Outperform
IAC price target raised to $310 from $285 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for IAC (IAC) to $310 from $285 and maintained an Outperform rating, citing the increase in Match.com (MTCH) stock, partially offset by a lower target value for Angi Homeservices (ANGI). In a research note to investors, Helfstein says he expects Match.com spun off in a tax-free transaction, after IAC shifts debt to Match, and says the restructured balance sheet should benefit Angi and allow larger acquisitions.
08/09/19
BNCH
08/09/19
NO CHANGE
Target $300
BNCH
Buy
IAC price target raised to $300 from $250 at Benchmark
Benchmark analyst Daniel Kurnos said potential excitement around a long-awaited spin announcement finally coming from IAC (IAC) was offset by a third straight miss for Angi Homeservices (ANGI) that came with a material cut to its forward outlook. He expects Angi shares "will remain in the penalty box near-term," making Match Group (MTCH) seem like the likeliest spinoff candidate following its own earnings "blowout," Kurnos tells investors. He raised his price target on IAC to $300 from $250 on an expansion of his Match multiple in his sum-of-the-parts analysis and believes IAC shares provide "perhaps the best short-term play on the spin catalyst." Kurnos keeps a Buy rating on IAC shares.
08/09/19
LEHM
08/09/19
NO CHANGE
Target $311
LEHM
Overweight
IAC price target raised to $311 from $295 at Barclays
Barclays analyst Ross Sandler raised his price target for IAC to $311 from $295 saying the while the company's Q2 results were "mixed," there are catalysts "within reach." Management "finally" publically stated that it will consider spinning out its two public assets, Match Group (MTCH) and Angi Homeservices (ANGI), and is expected to make a decision by next quarter, Sandler tells investors in a research note. IAC's spins create have historically created value, says the analyst, who keeps an Overweight rating on the shares.
08/09/19
08/09/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. STMicroelectronics (STM) upgraded to Buy from Neutral at Goldman Sachs with analyst Alexander Daval saying he had previously been cautious given risks to second half of 2019 estimates, but he now believes these are be baked into the reset fiscal year guidance. 2. Jack in the Box (JACK) upgraded to Outperform from Neutral at Wedbush with analyst Nick Setyan saying that in light of current same-store sales growth and margin trends, it expects investors to reassess management's fiscal 2022 EBITDA and free cash flow targets of $300M and $175M, respectively, as "realistic," which could ultimately result in a higher valuation. 3. Symantec (SYMC) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Keith Weiss saying the pending acquisition by Broadcom (AVGO) of the company's Enterprise Business puts a floor on the valuation of that unit. 4. Copa Holdings (CPA) and ViaSat (VSAT) upgraded to Outperform from Market Perform at Raymond James. 5. IAC (IAC) upgraded to Buy from Neutral at Guggenheim with analyst Jake Fuller saying he sees ongoing improvement in the visibility of the company's sum-of-the-parts story. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
ANGI Angi Homeservices
$8.90

-0.515 (-5.47%)

08/09/19
BMOC
08/09/19
NO CHANGE
Target $13
BMOC
Outperform
Angi Homeservices price target lowered to $13 from $20 at BMO Capital
BMO Capital analyst Daniel Salmon lowered his price target on Angi Homeservices to $13 after its Q2 results and lowered FY19 EBITDA view. The analyst keeps his Outperform rating on the stock however based on its "large total addressable market" and its position as a "clear category leader". Salmon believes that Angi Homeservices has a lot of room for long-term growth driven by the shift of the home services marketplace online and the growth in service request market.
MTCH Match Group
$85.61

-1.5 (-1.72%)

08/09/19
FBCO
08/09/19
NO CHANGE
Target $284
FBCO
Outperform
IAC price target raised to $284 from $263 at Credit Suisse
Credit Suisse analyst Stephen Ju raised his price target for InterActiveCorp (IAC) to $284 from $263 and maintained an Outperform rating following the company's second quarter results. Ju tells investors in a research note that his investment thesis is based on ongoing traction with Tinder monetization coupled with stabilization of legacy Match.com (MTCH) and OkCupid properties,continued realization of both platform and cost synergies at Angi Homeservices (ANGI) and optionality for incremental share gains for Vimeo among content producers as IAC looks to aggressively acquire new subscribers.

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MYGN

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RDS.A

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TGT

Target

$84.20

1.67 (2.02%)

, WMT

Walmart

$112.99

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WMT

Walmart

$112.99

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GO

Grocery Outlet

$46.55

2.81 (6.42%)

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AEO

American Eagle

$15.40

0.63 (4.27%)

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ANGI

Angi Homeservices

$8.18

-0.18 (-2.15%)

, MTCH

Match Group

$84.53

2.08 (2.52%)

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ANGI

Angi Homeservices

$8.18

-0.18 (-2.15%)

MTCH

Match Group

$84.53

2.08 (2.52%)

IAC

IAC

$249.17

4.21 (1.72%)

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AAPL

Apple

$206.44

4.71 (2.33%)

, HAS

Hasbro

$114.29

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Mattel

$10.74

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AGR

Avangrid

$49.29

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JPM

JPMorgan

$107.73

2.52 (2.40%)

BAC

Bank of America

$27.04

0.79 (3.01%)

C

Citi

$63.46

2.13 (3.47%)

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NCLH

Norwegian Cruise Line

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RM

Regional Management

$27.12

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RTN

Raytheon

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WEN

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BRY

Berry Petroleum

$8.59

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CSWI

CSW Industrials

$70.20

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OAS

Oasis Petroleum

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EE

El Paso Electric

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HON

Honeywell

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MBRX

Moleculin Biotech

$1.08

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VIVE

Viveve

$0.13

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PRGO

Perrigo

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UAL

United Continental

$82.96

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MBIO

Mustang Bio

$3.88

0.19 (5.15%)

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  • 04

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BCLI

BrainStorm

$3.63

0.055 (1.54%)

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WLK

Westlake Chemical

$61.27

0.66 (1.09%)

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GIG

GigCapital

$10.30

(0.00%)

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