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Fly News Breaks for August 9, 2019
Aug 9, 2019 | 08:26 EDT
BMO Capital analyst Daniel Salmon lowered his price target on Angi Homeservices to $13 after its Q2 results and lowered FY19 EBITDA view. The analyst keeps his Outperform rating on the stock however based on its "large total addressable market" and its position as a "clear category leader". Salmon believes that Angi Homeservices has a lot of room for long-term growth driven by the shift of the home services marketplace online and the growth in service request market.