Match Group price target lowered to $54 from $55 at Citi

Citi analyst Ygal Arounian lowered the firm’s price target on Match Group to $54 from $55 and keeps a Neutral rating on the shares post the Q4 results. The Match story remains a second half of 2023 improvement one as product initiatives at Tinder, new subscription tiers at Hinge, and an 8% workforce redaction and other cost measures work through on both top line and margins, the analyst tells investors in a research note.