Angi Inc. price target lowered to $12 from $18 at RBC Capital

RBC Capital analyst Brad Erickson lowered the firm’s price target on Angi Inc. (ANGI) to $12 from $18 and keeps a Sector Perform rating on the shares. The company’s Q4 results had to endure a double whammy punch of unexpected further traffic/revenue softness along alongside savings from the reduction in force that didn’t flow through as much as was expected, the analyst tells investors in a research note.