Match Group price target lowered to $60 from $65 at Deutsche Bank

Deutsche Bank analyst Benjamin Black lowered the firm’s price target on Match Group to $60 from $65 and keeps a Buy rating on the shares. The company reported results that were generally below expectations, highlighted by a much wider than expected contraction in Tinder payers, the analyst tells investors in a research note. The analyst thinks the softer than expected Q1 guidance "has certainly pushed the bull-case out at least another quarter."