JPMorgan downgraded Angi Inc. (ANGI) to Neutral from Overweight without a price target Angi has taken significant steps to improve the consumer and service pro experience and company profitability in recent years, but the resulting revenue declines have been significant, the analyst tells investors in a research note. The firm is stepping to the sidelines in 2025 given increased uncertainty from the Federal Communications Commission 1×1 consent rule in the first half of 2025 and sooner than expected spin of IAC’s 85% stake.
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Read More on ANGI:
- Piper downgrades IAC with asset configuration ‘not compelling’
- IAC price target lowered to $60 from $66 at KeyBanc
- Angi Inc. price target lowered to $2 from $3 at KeyBanc
- Angi Inc. CEO buys $430K in common stock
- Angi Inc. price target lowered to $6 from $7 at Benchmark
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