RBC Capital analyst Brad Erickson lowered the firm’s price target on Angi Inc. (ANGI) to $17 from $27.50 and keeps a Sector Perform rating on the shares. The firm is adjusting its model following the company’s recent 1:10 stock split while also accounting for softer consumer sentiment based on its recent small-medium business checks and higher chances of a weaker macro, the analyst tells investors in a research note.
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