Match Group price target lowered to $33 from $43 at RBC Capital

RBC Capital analyst Brad Erickson lowered the firm’s price target on Match Group to $33 from $43 and keeps an Outperform rating on the shares. The company reported another quarter in a “string of disappointment” amid the ongoing Tinder weakness, and the stock’s valuation and “anemic sentiment” are the only things that keep the firm at Outperform, the analyst tells investors in a research note.