These Analysts Cut Their Forecasts On IAC After Q2 Results
1. IAC reported second-quarter earnings of $2.57 per share, exceeding estimates. 2. Sales of $586.9 million fell short of expectations of $601.3 million. 3. Shares dropped 13% to $34.38 following the earnings report. 4. Oppenheimer maintained an Outperform rating, reducing the price target to $55. 5. Truist Securities maintained a Buy rating, lowering the price target to $57.