IAC/InterActiveCorp (IACI) Raised to Outperform at Wells Fargo & Co.
IAC/InterActiveCorp (NASDAQ:IACI) was upgraded by Wells Fargo & Co. from a “sector perform” rating to an “outperform” rating in a report released on Tuesday. The analysts noted that the move was a valuation call.
Separately, BMO Capital Markets initiated coverage on shares of IAC/InterActiveCorp in a research note on Tuesday, June 7th. They issued an “outperform” rating and a $70.00 target price for the company.
Shares of IAC/InterActiveCorp (NASDAQ:IACI) remained flat at $50.68 during trading on Tuesday. The company has a 50 day moving average price of $58.98 and a 200 day moving average price of $68.19. IAC/InterActiveCorp has a 1-year low of $48.75 and a 1-year high of $84.66.
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