Match Group upgraded to Buy from Neutral at BTIG

BTIG analyst Jake Fuller upgraded Match Group to Buy from Neutral with a $60 price target following the Q2 beat. The Tinder net addition outlook is improving, the company’s growth is accelerating and estimates are moving higher, the analyst tells investors in a research note. The firm says that with Tinder opting not to go ahead with international price increases and showing an improving daily new users/reactivation trend, the net add outlook is improving, which has been a drag on sentiment. It believes Match’s “new team looks to be on the right track.”