Fly News Breaks for January 8, 2020
ANGI, CRCM, MTCH, IAC
Jan 8, 2020 | 08:55 EDT
Guggenheim analyst Jake Fuller raised his price target on IAC (IAC) shares to reflect the increased market value of the company's stake in Match Group (MTCH) and his updated pro forma analysis, which now includes the proposed acquisition of Care.com (CRCM). Backing out Match Group leaves an implied current value for "New IAC" of $2.3B, compared to a $3.8B value for its stake in Angi Homeservices (ANGI) and "billions more in value for other assets," said Fuller, who keeps a Buy rating on IAC shares.
News For IAC;MTCH;CRCM;ANGI From the Last 2 Days
Jan 14, 2021 | 07:37 EST
Cowen analyst John Blackledge raised the firm's price target on Match Group to $175 from $145 and keeps an Outperform rating on the shares. The analyst expects strong Q4 results with revenue growth near the high end of guidance, led by Tinder and Non-Tinder brands.
Jan 14, 2021 | 07:16 EST
Deutsche Bank analyst Kunal Madhukar raised the firm's price target on Angi Homeservices to $15 from $12 and keeps a Buy rating on the shares.
Jan 14, 2021 | 07:15 EST
Deutsche Bank analyst Kunal Madhukar raised the firm's price target on IAC to $230 from $165 and keeps a Buy rating on the shares. The company's December monthly update came in better than expected across the broad, Madhukar tells investors in a research note.