IAC price target raised to $72 from $66 at Citi

Citi analyst Ygal Arounian raised the firm’s price target on IAC to $72 from $66 and keeps a Buy rating on the shares after meeting with management. The firm says IAC “is in as strong a position as it’s been in years.” That view is supported by relative strength and improvements at its two most important businesses, Dotdash Meredith and Angi, which is also leading IAC management aiming to be more offensive with its capital allocation strategy, the analyst tells investors in a research note.