Truist raised the firm’s price target on Match Group to $50 from $42 and keeps a Hold rating on the shares. The company reported better than expected Q2 results but the firm remains on the sidelines awaiting better visibility into a resumption of payers’ growth, the analyst tells investors in a research note. Truist adds however that fundamentals at Match remain healthy with industry-leading positions across its portfolio of brands, supported by a strong balance sheet and sound capital allocation.
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