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Fly News Breaks for January 3, 2018
ANGI
Jan 3, 2018 | 08:44 EDT
As reported earlier, MKM Partners analyst Rob Sanderson upgraded ANGI Homeservices to Buy from Neutral and raised his price target to $15 from $13. Sanderson says his model rolls forward the valuation framework by one year within the promising "home services sector" where, the analyst contends, "a digital marketplace will become a primary source of business origination over time". Sanderson believes that the stock has higher growth expectations while trading at a discount relative to peers.
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