IAC/InterActiveCorp (IACI) PT Raised to $92 at Cowen Post Q2
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Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 8 | New: 36
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Cowen analyst John Blackledge reiterating an Outperform rating and boosted his price target on IAC/InterActiveCorp (NASDAQ: IACI) to $92.00 (from $90.00) following Q2 results.
Blackledge commented, "IACI posted solid 2Q15 results, below we dive into i) the nuances of the 2Q15 Match Dating results ii) Match '15-'16 estimate changes (modestly lower), iii) Plenty of Fish acquisition incremental views, and iv) HomeAdvisor estimate changes '15-'20 (raised revenue and margins). Maintain Outperform, Price Target to $92 from $90, SOTP suggests $110 (midpoint)."
For an analyst ratings summary and ratings history on IAC/InterActiveCorp click here. For more ratings news on IAC/InterActiveCorp click here.
Shares of IAC/InterActiveCorp closed at $77.70 yesterday.
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