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Fly News Breaks for February 4, 2019
ANGI
Feb 4, 2019 | 05:59 EDT
Goldman Sachs analyst Michael Ng started Angi Homeservices with a Buy rating and $20 price target. Angi is the market leader in online U.S. home services marketplaces, which is a ~$400B market, Ng tells investors in a research note. He thinks the company provides a high value for service professionals, which should drive supply-side growth. Angi should benefit from the long-term shift of home services lead generation from offline to online, says Ng.
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