IAC/InterActiveCorp (IAC) PT Raised to $290 at Cowen

Cowen analyst John Blackledge raised the price target on IAC/InterActiveCorp (NASDAQ: IAC) to $290.00 (from $283.00) while maintaining an Outperform rating.

The analyst commented, "We expect solid 2Q19 results, led by robust growth at MTCH and ANGI, among other segments. We will look for the trajectory of ANGI's growth and updates on mgmt's previously stated initiatives for each segment. We made modest tweaks to our model; and rolled forward our SOTP analysis to ’20, in turn, our Price Target rises to $290 vs. prior $283, maintain Outperform."

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