Fly News Breaks for November 8, 2019
Nov 8, 2019 | 09:19 EDT
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.
News For IAC;ANGI From the Last 2 Days
Jul 6, 2020 | 08:43 EDT
SunTrust analyst Youssef Squali set his price target on IAC (IAC) at $135 while keeping his Buy rating after the company completed its Match Group (MTCH) spin off. The move benefits both companies, giving Match independence while allowing IAC to be more nimble with a "massive" balance sheet to rebuild and grow again, the analyst tells investors in a research note. Squali adds that IAC's assets such as Dotdash and Vimeo should be able to "emerge from the shadows" in IAC's "next chapter". The analyst further states that IAC has already "been busy" exploring potential M&A targets while its Match separation was being finalized over the last several months, and may act relatively soon given the recent market dislocation. As part of the research note, Squali also sets Match Group's price target at $110, down from $115 prior to separation.