IAC story de-risked following Q4 results, says Deutsche Bank Deutsche Bank believes IAC's Q4 results showed positive trends and points out the company's OIBA growth guidance for 2013 is largely unchanged. The firm says shorts in the stock could face a no-catalyst trade from here and maintains a Buy rating on the name, despite lowering its price target for shares to $62 from $67.
News For IACI From The Last 14 Days
Check below for free stories on IACI the last two weeks.
IAC reports Q2 adjusted EPS 4c, consensus 81c Reports Q2 revenue $756.3M, consensus $796.63M. Adjusted EPS reflects a negative impact of 75c from the $66.6M after-tax effect of the write-downs of certain investments.