Match Group price target raised to $39 from $33 at Citi

Citi raised the firm’s price target on Match Group to $39 from $33 and keeps a Neutral rating on the shares. The company’s Q2 results beat estimates and the guidance was better than feared, the analyst tells investors in a research note. The firm says Tinder’s Q3 payer guide of 250,000 net additions proved better than expected and helped management reiterate its full year guidance while investor expectations had been for a guidance cut.