Angi Inc. price target lowered to $20 from $24 at UBS

UBS lowered the firm’s price target on Angi Inc. (ANGI) to $20 from $24 and keeps a Neutral rating on the shares. Angi shares seem poised to attract incremental attention, with the spin off from IAC (IAC) now complete alongside the likely rebalancing of the shareholder base, revenue and profitability outperformance in the quarter, as well as management’s strategic roadmap to drive long-term value, the analyst tells investors in a research note.