IAC price target raised to $108 from $101 at Credit Suisse

Credit Suisse analyst Yoni Yadgaran raised the firm’s price target on IAC to $108 from $101 and keeps an Outperform rating on the shares following quarterly results. The analyst notes that with the Dotdash/Meredith integration largely complete, the focus shifts from defense to offense — management anticipated site migrations to be finished in Jul/22 but headwinds lingered, including slower site speeds, stale content, and higher ad inventory.