Angi Inc. price target lowered to $12 from $17 at Truist

Truist analyst Youssef Squali lowered the firm’s price target on Angi Inc. (ANGI) to $12 from $17 and keeps a Buy rating on the shares. The company’s Q1 results were virtually in line with expectations, showing that Proprietary revenue continues to gain momentum at the expense of Network, the analyst tells investors in a research note.