Fly News Breaks for May 13, 2019
IAC, ANGI, MTCH
May 13, 2019 | 08:56 EDT
BMO Capital analyst Daniel Salmon raised his price target on IAC (IAC) to $321 and kept his Outperform rating after its in-line Q1 results. The analyst sees the stock as "underpinned" by the performance of Match Group (MTCH) and Angi Homeservices (ANGI), in which IAC has 80% and 83% respective stakes. Salmon adds however that his preference is also with IAC relative to the Match and Angi given the market's "negative value" for its other businesses.
News For IAC;MTCH;ANGI From the Last 2 Days
Jun 25, 2019 | 07:19 EDT
Needham analyst Brad Erickson lowered his price target for Angi Homeservices (ANGI) to $20 from $23 and maintained a Buy rating. In a research note to investors, Erickson says that checks with 33 service providers were "incrementally negative" for Angi, and notes that the findings suggest Google's (GOOGL) presence is growing, putting a "lower lid" on where Angi's equity can go.