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Stock impact report

Angi Homeservices gets a downgrade at Wedbush [MarketWatch]

ANGI Homeservices, Inc (ANGI)  More Company Research Source: MarketWatch
Last angi homeservices, inc earnings: 2/5 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.angihomeservices.com/investor-overview
PDF Angi Homeservices gets a downgrade at Wedbush Wedbush analyst Ygal Arounian downgraded ANGI Homeservices Inc. shares ANGI, -4.41% to neutral from outperform on Friday, writing that the company still has a vast market opportunity but is having trouble attaining it due to customer-acquisition challenges. The downgrade follows a disappointing earnings report and forecast that sent ANGI shares plunging 25% in Thursday's session. "With the marketing challenges likely here to stay through at least 2020, we don't see investor sentiment getting more positive in the near-term," he wrote. "We do see opportunity in ANGI better monetizing on-demand inventory, using pre-priced inventory through Handy to better serve what are currently unfilled [service requests], improve the customer experience, and drive repeat usage, which ultimately drives marketing efficiency back up. But we think there's likely a window until we get there and, therefore, we move to the sidelines until near-term headwinds a [Read more]
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