IAC Chairman Diller says Aereo block 'not a big financial loss,' Bloomberg says Bloomberg cites an emailed statement from IAC/InterActiveCorp chairman Barry Diller following the Supreme Court ruling against Aereo. Shares of IAC are down 1.9% following the high court's ruling.
Facebook price target raised to $110 from $94 at Cowen Cowen analyst John Blackledge raised his price target for Facebook (FB) to $110 ahead of the social media giant's Q2 results on July 29. Investor sentiment has grown more positive recently given Facebook's "explosive" video growth and the opening of the Instagram platform to advertisers, Blackledge tells investors in a research note previewing the Q2 results this week for Internet names. He keeps an Outperform rating on the stock. Blackledge also keeps Outperform ratings on LinkedIn (LNKD) and IAC (IACI) as well as a Market Perform rating on Twitter (TWTR). Those three companies are also reporting Q2 results this week.