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Fly News Breaks for April 22, 2015
ANGI
Apr 22, 2015 | 15:04 EDT
Piper Jaffray acknowledged that Angie's List reported a second consecutive quarter of solid performance with its Q1 report, but the firm believes competitive threats will likely continue to intensify and could cap the multiple investors are willing to pay for the stock. Piper reiterates its Neutral rating and $8 price target on Angie's List shares, which are up about 5.6% to $6.50 in late day trading.
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