Match Group price target lowered to $36 from $45 at Evercore ISI

Evercore ISI lowered the firm’s price target on Match Group to $36 from $45 and keeps an Outperform rating on the shares following what the firm calls “modest Beat & Lower Q1 EPS results.” This was “a disappointing print with passable Q1 results,” added the analyst, whose revenue and adjusted operating income estimates for FY24 are lowered by 1% following the report.