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Fly News Breaks for February 10, 2020
Feb 10, 2020 | 08:29 EDT
Wells Fargo analyst Brian Fitzgerald lowered his price target for IAC (IAC) to $310 from $320 after the company reported largely in line results, with segment results mixed and also mixed to in-line results at Match Group (MTCH), Angi Homeservices (ANGI) and Vimeo, upside at Dotdash and downside at Applications as Desktop applications declined faster and Mosaic Group decelerated harder than he had anticipated. Nonetheless, Fitzgerald continues to view the upcoming separation of Match group as a catalyst for IAC shares and maintains an Overweight rating on IAC's stock.
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