Match Group price target raised to $32 from $31 at Wells Fargo

Wells Fargo analyst Ken Gawrelski raised the firm’s price target on Match Group (MTCH) to $32 from $31 and keeps an Equal Weight rating on the shares. Wells Fargo expects Match to report Q2 financials in line with estimates with slide upside to Q3 guidance potentially from the weaker dollar, the analyst tells investors in a research note. The firm is monitoring Match for positive signs on user engagement under direction of new CEO Spencer Rascoff.