IAC (IAC) Tops Q3 EPS by 5c
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IAC/InterActiveCorp (IAC) PT Raised to $91 at Susquehanna amid Strong Execution
November 4, 2016 7:18 AM EDTSusquehanna analyst Shyam Patil reiterated a Positive rating and lifted his price target om IAC/InterActiveCorp (NASDAQ: IAC) to $91.00 (from $74.00) following strong results.
Patil noted the following highlights:
HIGHLIGHTS
Thoughts going forward and upcoming catalysts. The key growth assets (ex Match) HomeAdvisor and Vimeo continue to perform well. Applications appears to have stabilized, while Publishing remains challengedbut IAC is managing these assets prudently and is still generating significant cash flow. This cash flow is being used in part to fund some of the key growth initiatives as well as repurchase... More