Match Group price target raised to $45 from $38 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Match Group to $45 from $38 and keeps a Buy rating on the shares. The company’s Q2 results came in well above expectations and the outlook for Q3 Tinder payers calls for a return to sequential growth, the analyst tells investors in a research note. The firm senses a higher degree of confidence from management in the guidance given the recent monthly payer trends at Tinder.