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Fly News Breaks for January 3, 2018
ANGI
Jan 3, 2018 | 08:06 EDT
Oppenheimer analyst Jason Helfstein named Angi Homeservices his top 2018 small-/mid-cap pick. The analyst believes poor post-reverse merger performance has been caused by technical factors, and highlights two incremental positive themes for 2018 that he believes have been underappreciated, namely accretive cost synergy/salesforce investment relationship highlighted in the Q3 earnings letter and faster than expected HomeAdvisor funnel/Angie's List traffic synergies. He reiterates an Outperform rating and $14 price target on the shares.
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