Trade Report: Today: JPMorgan Chase & Co. Begins Coverage on IAC/InterActiveCorp (IAC)

Today: JPMorgan Chase & Co. Begins Coverage on IAC/InterActiveCorp (IAC)

JPMorgan Chase & Co. started coverage on shares of IAC/InterActiveCorp (NASDAQ:IAC) in a research note published on Tuesday. The brokerage issued an overweight rating on the stock.

Several other research firms have also weighed in on IAC. Axiom Securities boosted their target price on shares of IAC/InterActiveCorp from $74.00 to $80.00 and gave the company a buy rating in a report on Friday, October 7th. Wells Fargo & Co. upgraded shares of IAC/InterActiveCorp from a market perform rating to an outperform rating in a report on Tuesday, September 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $66.96.

Shares of IAC/InterActiveCorp (NASDAQ:IAC) traded up 0.29% during trading on Tuesday, reaching $61.78. 66,817 shares of the company traded hands. The company’s market capitalization is $4.92 billion. The firm’s 50 day moving average price is $60.44 and its 200-day moving average price is $55.73. IAC/InterActiveCorp has a 52 week low of $38.82 and a 52 week high of $72.94.

IAC/InterActiveCorp Company Profile

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