Match Group Analyst Flags Tinder Woes, Industry Challenges For Stock Downgrade

JPMorgan analyst Cory Carpenter downgraded Match Group MTCH from Overweight to Neutral and lowered the price target from $40 to $33.Match is the leading online dating platform with an estimated ~50% share of global dating users across its portfolio of brands. Tinder is the largest and most profitable dating app globally and Hinge is the fastest-growing scaled dating brand.Also Read: ON Semiconductor and Denso Team Up to Boost Self-Driving TechThe rerating reflects Carpenter’s expectation for muted growth in ...