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Fly News Breaks for May 10, 2019
ANGI, IAC, MTCH
May 10, 2019 | 08:28 EDT
Benchmark analyst Daniel Kurnos said he thinks IAC (IAC) shares are being unfairly punished due to an "overdone" selloff in Angi Homeservices (ANGI) despite "stellar" results from Match (MTCH). The analyst said he feels like investors "continue to choose one or the other, rather than the whole pie," and he feels confident enough in management's track record to view yesterday's selloff as an attractive entry point. Kurnos raised his price target on IAC shares to $280 from $260 and keeps a Buy rating on the stock.
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