Jefferies Starts IAC/InterActiveCorp (IACI) at Hold; Broad Exposure, But Still Concerns

Jefferies initiates coverage on IAC/InterActiveCorp (NASDAQ: IACI) with a Hold. PT $55.00.

Jefferies analyst said, "IACI's portfolio of over 50 online businesses across more than 30 countries offers broad exposure to Internet trends. With strong management and fiscal discipline, the company has delivered nice margin expansion from its largest, fastest growing assets in Search and Personals. We are more concerned about the lack of a unified mobile strategy, and think the stock looks fairly valued following recent gains."

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 $52.07 yesterday.

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