IAC price target lowered to $70 from $73 at Barclays

Barclays lowered the firm’s price target on IAC to $70 from $73 and keeps an Overweight rating on the shares post the Q3 report. The firm says accelerating growth trends heading into Q3 at DDM digital give it confidence that the “DDM ship has turned around.” The analyst views IAC as undervalued with improving trends in core businesses.