IAC price target lowered to $52 from $61 at Barclays

Barclays lowered the firm’s price target on IAC (IAC) to $52 from $61 and keeps an Overweight rating on the shares. The company is signaling fairly robust demand right now across its primary business unit, which stands out among its digital advertising peers, the analyst tells investors in a research note. The firm also noted that low tariff pressure and a broadly improving ad stack are allowing IAC to buck the trend. Barclays added that management is executing well and it likes the value here, but tis struggling to identify a catalyst.