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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ANGI: