Truist lowered the firm’s price target on Match Group (MTCH) to $35 from $37 and keeps a Hold rating on the shares. The company’s Q3 results were in-line and its Q4 guidance was “mixed”, showing that its transformation remains a work-in-progress, the analyst tells investors in a research note. Truist adds it remains on the sidelines until Tinder can show more tangible progress on delivering sustainable long-term growth.
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