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Fly News Breaks for January 8, 2019
ANGI
Jan 8, 2019 | 06:27 EDT
Needham analyst Brad Erickson initiated Angi Homeservices with a Buy rating and a price target of $23, saying that based on his Service Provider checks, the market underappreciates the company's multiple longer-term tailwinds. The analyst also believes that ANGI Homeservices' "closed feedback loop approach is optimal" for the challenging Home & Local service provider vertical, expressing confidence that its "data advantage should enable price optimization tailwinds over time."
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