Truist analyst Youssef Squali lowered the firm’s price target on IAC (IAC) to $80 from $88 and keeps a Buy rating on the shares. The company’s Q3 results topped expectations and FY24 guide was virtually in line, but the decision to explore the spin off of ANGI (ANGI) while the business is still a work in progress and explore the sale of other segments has “stolen the headline”, the analyst tells investors in a research note.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
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 $77 from $82 at TD Cowen
- IAC price target lowered to $66 from $70 at Barclays
- 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