IAC/InterActiveCorp (NASDAQ:IACI) CPC Rates, Toolbar Driving Business

Wedbush likes what they see with IAC/InterActiveCorp (NASDAQ:IACI), especially their ability to raise CPC rates and what appears to be the strong performance of their Ask's Toolbar business.

They're increasing their full year 2011 revenue estimate from $1.77 billion to $1.78 billion, and their EPS estimate from $1.41 to $1.44.

Wedbush is maintaining their "Outperform" rating on IAC/InterActiveCorp, which closed Wednesday at $29.97, down $0.22, or 0.73 percent. They raised their price target on them from $32 to $33.