IAC price target raised to $80 from $77 at Truist

Truist analyst Youssef Squali raised the firm’s price target on IAC to $80 from $77 and keeps a Buy rating on the shares. The company’s Q4 results and outlook show that growth at DotDash Meredith has finally inflected positively with a strong Digital performance and margin, the analyst tells investors in a research note. Angi’s turnaround is taking longer to materialize however, though green shoots are emerging, the firm added.