Barclays lowered the firm’s price target on IAC (IAC) to $66 from $70 and keeps an Overweight rating on the shares post the Q3 report. Angi is facing another headwind in early 2025, but management sounds confident thereafter, and a potential spin de-risks the IAC equity from this seven-year overhang, the analyst tells investors in a research note.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IAC:
- IAC price target lowered to $61 from $62 at Goldman Sachs
- IAC/InteractiveCorp Considers Strategic Moves Amid Growth
- Elliott confirms big Honeywell stake, Home Deport reports Q3 beat: Morning Buzz
- IAC/InteractiveCorp Shows Resilience Amid Financial Growth
- IAC/InteractiveCorp Reports Revenue Growth Amid Cost Challenges