HSBC Initiates Coverage On Match Group with Hold Rating, Announces Price Target of $47.1
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Mohammed Khallouf has initiated coverage on Match Group (NASDAQ:MTCH) with a Hold rating and a price target of $47.1.
September 26, 2023 | 8:44 am
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HSBC has initiated coverage on Match Group with a Hold rating and a price target of $47.1.
The news directly pertains to Match Group as HSBC has initiated coverage on the company with a Hold rating. This suggests that the analyst believes the stock is fairly valued at its current price. The price target of $47.1 indicates where the analyst believes the stock will trade in the future. This could potentially influence investor sentiment and trading behavior, but it's not necessarily indicative of a significant price movement in the short term.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100