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    James Kenny

    Research Analyst at Jefferies

    James Kenny is an Equity Research Analyst at Jefferies, specializing in coverage of European building and construction materials companies including CRH, Heidelberg Materials, and Holcim. He has consistently ranked among the top analysts in his field, noted by TipRanks for an average return per rating exceeding 7% and a historical success rate above 60%. Kenny began his career at Citi as an equity research associate, then joined Jefferies in 2016 where he has established himself as a leading sector specialist. He holds relevant professional credentials including FCA registration under Jefferies International and has been recognized for delivering actionable investment insights across the building materials sector.

    James Kenny's questions to IAC (IAC) leadership

    James Kenny's questions to IAC (IAC) leadership • Q3 2024

    Question

    James Kenny requested more detail on potential corporate cost reductions following an Angi spin-off and asked for observations on the current macro environment for digital advertising.

    Answer

    IAC CEO Joey Levin said no specific number for cost savings is being provided yet, but all corporate costs are being reviewed to rightsize for a slimmer IAC. Regarding the macro environment, Levin described the consumer as 'reasonably healthy,' citing stable trends at MGM, Turo, and DDM's commerce business. Executive Christopher Halpin added that while October ad spend was soft, categories like retail, tech, and health have since recovered solidly.

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