Piper Sandler downgraded IAC (IAC) to Neutral from Overweight with a price target of $54, down from $68. The firm says that while it has a lot of respect for IAC management and its capital allocation skillset, the current asset configuration “is not compelling.” It adjusted estimates lower and waits to assess the implications of the Angi Inc. (ANGI) spin.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IAC: