By: Benzinga
December 31, 2012 at 11:25 AM EST
UPDATE: Topeka Capital Markets Reiterates IAC/InterActiveCorp at Buy on Capital Return Outlook
Topeka Capital Markets maintained IAC/InterActiveCorp (NASDAQ: IACI ) at a Buy rating with a $66 price target. Topeka Capital Markets noted, "We are updating our model to reflect the recent $500mm debt offering. While IAC did not follow the path of other companies such as Expedia (EXPE:-$59.36:NR) and issue
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