Fly News Breaks for November 11, 2019
MTCH, ANGI, IAC
Nov 11, 2019 | 07:44 EDT
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.
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