IAC/InterActiveCorp Dating, Video Sites Spark Upgrade

By | September 4, 2014

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IAC/InterActiveCorp. (IACI) stock rose Thursday after the owner of top dating site Match.com got an upgrade from investment bank Barclays, which cited growing revenue potential for the company’s dating site Tinder and video sharing site Vimeo as well as the potential for strategic alternatives. Barclays boosted its rating on IAC stock to overweight from equal weight, and hiked its price target to 87 from 72. IAC stock was up nearly 4% in afternoon Scalper1 News

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