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Fly News Breaks for January 9, 2020
MTCH, IAC
Jan 9, 2020 | 08:47 EDT
Oppenheimer analyst Jason Helfstein raised his price target for IAC (IAC) to $295 from $270 following the company's disclosure of details around the Match Group (MTCH) spinoff. The analyst believes both companies will benefit from the transaction as his calculations suggest 17%-20% 2020/2021 free cash flow/share accretion for Match, with IAC well capitalized, and already deploying capital. Helfstein reiterates an Outperform rating on IAC's shares.
News For IAC;MTCH From the Last 2 Days
MTCH
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.
IAC
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.