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.
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