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Fly News Breaks for January 2, 2018
ANGI
Jan 2, 2018 | 05:39 EDT
Piper Jaffray analyst Sam Kemp calls Angi Homeservices his top pick for 2018. The analyst has an Overweight rating on the shares with a $14 price target. The company this year will prove out the components of the Angie's List/HomeAdvisor merger and investors "will increasingly appreciate this asset's long-term earnings power," Kemp tells investors in a research note. The analyst is "highly confident" in the company's 2016-2021 guidance calling for annual revenue growth of 20%-25% and EBITDA margin expansion from 9% to 35%.
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