Match Group price target raised to $37 from $34 at Truist

Truist raised the firm’s price target on Match Group (MTCH) to $37 from $34 and keeps a Hold rating on the shares. The company reported better than expected Q1 results driven by improving metrics at Tinder with in line execution at Hinge, the analyst tells investors in a research note. Truist adds, however, that while these are encouraging signs that the management’s product-led turnaround is gaining traction, Tinder Payers count remains down y/y.