Evercore ISI lowered the firm’s price target on Match Group (MTCH) to $35 from $38 and keeps an In Line rating on the shares. Q3 results came in largely as expected, with a “noteworthy” 9% EBITDA beat, the analyst tells investors. However, “mixed” guidance for Q4, with revenue slightly below and EBITDA slightly above Street expectations, “adds a layer of complexity,” the analyst added in an earnings recap.
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