Match Group price target raised to $35 from $30 at Loop Capital

Loop Capital analyst Laura Champine raised the firm’s price target on Match Group to $35 from $30 and keeps a Hold rating on the shares. The firm’s sales estimates for Match are unchanged, but Elliot Management’s $1B investment and activism plans announced earlier this month should light a fire under the company management, the analyst tells investors in a research note. Cost cuts seem like the easiest lever to pull, and Loop is raising its margin estimates, the firm added.