Benchmark analyst Daniel Kurnos raised the firm’s price target on IAC (IAC) to $60 from $57 and keeps a Buy rating on the shares. IAC is set to undergo an official name change to People Incorporated, beginning with their second quarter release in early August, and while the name change is “symbolic of where the company stands today, it is in truth the next step in what we see as a streamlining of the organizational structure,” the analyst tells investors.
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