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The Benchmark Company Realigns Estimates for IAC/InterActiveCorp Under New Segmentation

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In a report published Tuesday, The Benchmark Company analyst Daniel L. Kurnos reiterated a Buy rating and $77.00 price target on IAC/InterActiveCorp (NASDAQ: IACI).

In the report, The Benchmark Company noted, “Shares of IAC (IACI-Buy, PT $77) have finally succumbed to the broader momentum selling trends plaguing our Search universe ahead of earnings on Wednesday morning. We believe this pullback offers an intriguing entry point as shares have nearly retraced to pre-Match spin speculation levels. We conservatively believe shares of IAC could be worth ~$80 assigning a 6x multiple to Search and only a 12x multiple to Match. However, we believe the recent segment realignment further supports our belief that a Match spin is unlikely to occur near-term.”

IAC/InterActiveCorp closed on Monday at $64.28.

Latest Ratings for IACI

DateFirmActionFromTo
Sep 2014BarclaysUpgradesEqual-weightOverweight
Aug 2014Maxim GroupInitiates Coverage onBuy
Jul 2014Credit SuisseMaintainsOutperform

View More Analyst Ratings for IACI
View the Latest Analyst Ratings

Posted-In: Daniel L. Kurnos The Benchmark CompanyAnalyst Color Reiteration Analyst Ratings

 

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