Match Group price target lowered to $43 from $45 at KeyBanc

KeyBanc lowered the firm’s price target on Match Group (MTCH) to $43 from $45 and keeps an Overweight rating on the shares. The firm notes that Match’s belief in a Tinder turnaround was put on hold again. “It’s hard to say how much of Tinder’s challenges were due to the iOS 18 update or category pressure,” KeyBanc acknowledges. Given past execution challenges, the firm believes investors will assume the worst, and that likely limits the catalyst potential of Match’s December investor day.