Morgan Stanley ‘most constructive’ on Match Group shares in years

Group 1 - Morgan Stanley views Tinder's first-ever product event as the "most constructive" for Match Group (MTCH) shares in multiple years [1] - The firm notes "faster product innovation and budding green shoots" for Match Group, indicating positive developments [1] - Tinder is reportedly "finally starting to evolve the product," with improvements in sparks coverage and user growth [1] Group 2 - Morgan Stanley believes that if Match's product usage leads to an acceleration in monthly active users, the shares could re-rate over the next few quarters [1] - The firm maintains an Equal Weight rating on Match Group with a price target of $35 [1] - In morning trading, Match Group's stock increased by 2% to $30.73 [1]