Wedbush Maintains Outperform on IAC / InterActiveCorp (IACI)

Wedbush is out with its report today on IAC / InterActiveCorp IACI, maintaining Outperform and a $35 PT. In a note to clients, Wedbush writes, "Based on our sum-of-the-parts analysis, we believe our target could prove conservative based on our estimate for $14.98/share of cash, public equity investments valued at $1.36/share and our estimated value of $21.46 for its business units." Shares of IACI closed Friday at $30.41.