Fly News Breaks for August 9, 2019
IAC, MTCH, ANGI
Aug 9, 2019 | 08:58 EDT
Barclays analyst Ross Sandler raised his price target for IAC to $311 from $295 saying the while the company's Q2 results were "mixed," there are catalysts "within reach." Management "finally" publically stated that it will consider spinning out its two public assets, Match Group (MTCH) and Angi Homeservices (ANGI), and is expected to make a decision by next quarter, Sandler tells investors in a research note. IAC's spins create have historically created value, says the analyst, who keeps an Overweight rating on the shares.
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