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IAC

IAC

$217.75

-2.42 (-1.10%)

11:49
11/12/19
11/12
11:49
11/12/19
11:49

IAC to invest to continue fast growth of mobile app unit, Axios says

IAC has been building a profitable mobile apps division that's on track to bring in about $200M in annual revenue by building and acquiring roughly 8 consumer-facing mobile apps per year for the past 5 years, sources tell Axios' Sara Fischer. The company plans to add another round of around 8 apps this year, either by acquiring or building, said sources, who add that the mobile group, now called Mosaic, has had 7 consecutive quarters of growth and has become one of IAC's fastest-growing lines of business. Reference Link

  • 09

    Dec

IAC IAC
$217.75

-2.42 (-1.10%)

11/08/19
JPMS
11/08/19
DOWNGRADE
Target $245
JPMS
Neutral
IAC downgraded to Neutral on close of valuation gap at JPMorgan
JPMorgan analyst Doug Anmuth downgraded IAC (IAC) to Neutral from Overweight with a price target of $245, down from $300. IAC's announced potential Match Group (MTCH) distribution served as a catalyst for the shares, and the valuation gap between the two "has closed meaningfully within a short amount of time," Anmuth tells investors in a research note. The analyst believes it may take multiple quarters for investors to give more credit to IAC's remaining assets including Vimeo, Dotdash, Mosaic, Bluecrew, and others. Anmuth keeps a Neutral rating on Match and lowered his price target for the shares to $75 from $93. He also keeps an Overweight rating on Angi Homeservices (ANGI) with a $14 price target.
11/08/19
DBAB
11/08/19
NO CHANGE
Target $256
DBAB
Buy
IAC price target lowered to $256 from $279 at Deutsche Bank
Deutsche Bank analyst Kunal Madhukar lowered his price target for IAC (IAC) to $256 from $279 and keeps a Buy rating on the shares. IAC delivered a "solid quarter," with the core businesses of Vimeo, Dotdash, and Mosaic "reaching critical revenue milestones," and Angi Homeservices' (ANGI) sales growth came in better than feared, Madhukar tells investors in a research note.
11/11/19
OPCO
11/11/19
NO CHANGE
Target $270
OPCO
Outperform
IAC price target lowered to $270 from $310 at Oppenheimer
Oppenheimer analyst Jason Helfstein lowered his price target for IAC (IAC) to $270 from $310 based on reduced Angi Homeservices (ANGI) and Match Group (MTCH) targets, but keeps his Outperform rating on 22% upside potential. Looking ahead, Helfstein expects investors to now dig into the remaining pieces of IAC stub, namely Vimeo and Dotdash, which both posted accelerating revenue growth of 29% and 34%, respectively, and speculate on M&A vs. share repurchases.
11/12/19
GUGG
11/12/19
NO CHANGE
Target $270
GUGG
Buy
IAC price target lowered to $270 from $300 at Guggenheim
Guggenheim analyst Jake Fuller lowered his estimates for IAC (IAC) to account for Q3 results and guidance, noting that results were largely in line, but the Q4 EBITDA guidance was below consensus. He also said in his note to investors that he estimates an IAC shareholder would get about $156 per share in Match Group (MTCH) stock and net cash would increase by $30-$38 per share, depending on the scale of a Match dividend if a spinoff goes forward. He lowered his price target on IAC shares to $270 from $300, mainly due to the reduction in the market value of Match and Angi Homeservices (ANGI) since the beginning of August. Fuller keeps a Buy rating on IAC shares.

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PLMR

Palomar

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ASAZY

Assa Abloy

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RXEEY

Rexel

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(0.00%)

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TATYY

Tate & Lyle

$0.00

(0.00%)

20:22
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AUO

AU Optronics

$0.00

(0.00%)

20:20
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LPL

LG Display

$6.22

0.115 (1.89%)

20:17
12/08/19
12/08
20:17
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20:17
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LG Display rating change at Morgan Stanley »

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  • 09

    Dec

ETNB

89bio

$28.38

0.86 (3.13%)

20:16
12/08/19
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20:16
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20:16
Initiation
89bio initiated at Oppenheimer »

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ANIOY

Acerinox

$0.00

(0.00%)

20:15
12/08/19
12/08
20:15
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20:15
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Acerinox rating change at Jefferies »

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BPMC

Blueprint Medicines

$78.50

3.92 (5.26%)

20:15
12/08/19
12/08
20:15
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20:15
Conference/Events
Blueprint Medicines to hold an anlayst and investor event »

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  • 08

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    Dec

TLSNY

Telia

$0.00

(0.00%)

20:14
12/08/19
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20:14
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20:14
Downgrade
Telia rating change at Jefferies »

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ARWR

Arrowhead

$67.25

1.705 (2.60%)

20:13
12/08/19
12/08
20:13
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20:13
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Arrowhead analyst commentary at Piper Jaffray »

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ARGX

Argenx

$147.31

-2.56 (-1.71%)

20:08
12/08/19
12/08
20:08
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20:08
Recommendations
Argenx analyst commentary at Stifel »

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  • 16

    Dec

STC

Stewart

$43.16

0.28 (0.65%)

19:56
12/08/19
12/08
19:56
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19:56
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Stewart rating change at Keefe Bruyette »

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FAF

First American

$63.05

(0.00%)

19:55
12/08/19
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19:55
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19:55
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First American rating change at Keefe Bruyette »

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  • 13

    Feb

PFSI

PennyMac Financial

$33.91

0.12 (0.36%)

19:54
12/08/19
12/08
19:54
12/08/19
19:54
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PennyMac Financial rating change at Keefe Bruyette »

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AGIO

Agios Pharmaceuticals

$40.93

0.81 (2.02%)

18:40
12/08/19
12/08
18:40
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18:40
Recommendations
Agios Pharmaceuticals analyst commentary at Piper Jaffray »

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  • 09

    Dec

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    Dec

BPMC

Blueprint Medicines

$78.50

3.92 (5.26%)

18:34
12/08/19
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18:34
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18:34
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  • 08

    Dec

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    Dec

FATE

Fate Therapeutics

$13.64

0.07 (0.52%)

18:29
12/08/19
12/08
18:29
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18:29
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Fate Therapeutics analyst commentary at Piper Jaffray »

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RCKT

Rocket Pharmaceuticals

$22.37

2.61 (13.21%)

18:05
12/08/19
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18:05
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  • 08

    Dec

  • 08

    Dec

ARGX

Argenx

$147.31

-2.56 (-1.71%)

, JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

18:03
12/08/19
12/08
18:03
12/08/19
18:03
Recommendations
Argenx, Johnson & Johnson analyst commentary at Piper Jaffray »

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ARGX

Argenx

$147.31

-2.56 (-1.71%)

JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

03/08/13
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  • 08

    Dec

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  • 16

    Dec

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    Jan

BLUE

Bluebird Bio

$79.51

-1.24 (-1.54%)

, JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

17:58
12/08/19
12/08
17:58
12/08/19
17:58
Recommendations
Bluebird Bio, Johnson & Johnson, Amgen, Bristol-Myers, Regeneron analyst commentary at Piper Jaffray »

Piper says…

BLUE

Bluebird Bio

$79.51

-1.24 (-1.54%)

JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

AMGN

Amgen

$233.74

0.3 (0.13%)

BMY

Bristol-Myers

$59.94

0.435 (0.73%)

REGN

Regeneron

$372.26

4.02 (1.09%)

03/08/13
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  • 08

    Dec

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    Dec

  • 11

    Dec

  • 21

    Jan

BGNE

BeiGene

$186.89

-2.3 (-1.22%)

17:50
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17:50
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  • 09

    Dec

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LLY

Eli Lilly

$119.59

-0.175 (-0.15%)

16:34
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  • 08

    Dec

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  • 17

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    Jan

BMY

Bristol-Myers

$59.94

0.435 (0.73%)

16:32
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  • 08

    Dec

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QURE

uniQure

$66.06

1.5 (2.32%)

16:26
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  • 09

    Dec

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