Benchmark Maintains Buy on IAC, Lowers Price Target to $115
Portfolio Pulse from richadhand@benzinga.com
Benchmark analyst Daniel Kurnos has maintained a 'Buy' rating on IAC (NASDAQ:IAC) but lowered the price target from $120 to $115.
August 10, 2023 | 3:24 pm
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Benchmark analyst has maintained a 'Buy' rating on IAC but lowered the price target from $120 to $115.
The news is directly related to IAC as the analyst from Benchmark has maintained a 'Buy' rating but lowered the price target. This could indicate a slightly less optimistic outlook for the company, but the maintained 'Buy' rating suggests that the analyst still sees potential in the stock. The impact on the stock price in the short term is neutral as the lowered price target might cause some investors to sell, but the 'Buy' rating might attract others.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100