IAC price target lowered to $61 from $66 at Barclays

Barclays analyst Ross Sandler lowered the firm’s price target on IAC (IAC) to $61 from $66 and keeps an Overweight rating on the shares. IAC’s individual assets are likely worth more than current market value, so after a couple years of shareholders suffering poor returns, the Q4 print “might be the turning point,” the analyst tells investors in a research note.