Match: Up after Nomura upgrades and raises PT

Master Chemicals

07/10/2019 12:56

** Shares of Tinder-owner  MTCH.O  rise 3.45% to $77
premarket, set to touch 2-week high after Nomura upgrades to
"buy" from "neutral" 
    ** Brokerage raises PT to $88 from $81
    ** Expects limited impact from U.S. Federal Trade
Commission(FTC)lawsuit
    ** In late Sep. U.S. FTC sued MTCH alleging it used fake
love interest ads to trick thousands of people into buying
subscriptions  urn:newsml:reuters.com:*:nL3N26G3GG
    ** 9 of 20 brokerages rate the stock "buy" or higher, and 11
"hold"; median PT is $93 - Refinitiv
    ** Up to Friday's close, stock had risen 74.02% YTD

 (Reporting by Amal S in Bengaluru)
 ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780;
outside U.S. +91 80 6749 0536;))