BofA lowered the firm’s price target on Match Group (MTCH) to $33 from $36 and keeps a Neutral rating on the shares ahead of the company reporting results on May 8. Ahead of the report, the firm slightly raised its Q1 estimates as foreign exchange turns to a tailwind for Match and also cites a slight improvement in Tinder trends based on Sensor Tower data. However, the firm believes that growing macro uncertainty on tariffs and recession risk could weigh on already soft payer and a la carte trends, the analyst added.
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