Keybanc Maintains Overweight on IAC, Lowers Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Justin Patterson has maintained an Overweight rating on IAC (NASDAQ:IAC) but reduced the price target from $72 to $68.

November 27, 2023 | 9:37 am
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Keybanc analyst Justin Patterson maintains an Overweight rating on IAC but lowers the price target from $72 to $68.
The reduction in price target by Keybanc may cause some investors to adjust their valuation models for IAC, potentially leading to a short-term negative sentiment. However, maintaining the Overweight rating suggests that the analyst still sees positive fundamentals in the company, which could balance out the impact on the stock price.
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