Susquehanna lowered the firm’s price target on Match Group to $45 from $46 and keeps a Positive rating on the shares. The firm said headwinds at Tinder contributed to a softer outlook for 2Q and the full year. While the firm expects some near-term choppiness, they continue to like Match for the long term due to its category-leading positioning and best-in-class product innovation and believe the Tinder reinvigoration is likely to play out.
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