Goldman Sachs lowered the firm’s price target on IAC (IAC) to $61 from $62 and keeps a Buy rating on the shares post the Q3 report. IAC is considering spinning off its 85% ownership stake in Angi to IAC shareholders and Angi is still undergoing an operational turnaround with revenue declining over 15% year-over-year in Q3, the analyst tells investors in a research note.
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