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Fly News Breaks for August 9, 2019
ANGI
Aug 9, 2019 | 07:21 EDT
Wedbush analyst Ygal Arounian downgraded Angi Homeservices to Neutral from Outperform and lowered his price target to $10 from $22. In a research note to investors, Arounian says second quarter results indicated a "challenging" environment that is likely to limit topline growth and EBITDA margin expansion. The analyst says he is moving to the sidelines until near-term headwinds abate.
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