Angi Inc. price target lowered to $20 from $27 at Benchmark

Benchmark analyst Daniel Kurnos lowered the firm’s price target on Angi Inc. (ANGI) to $20 from $27 and keeps a Buy rating on the shares. The firm, which would call the post-earnings move in shares “an exaggerated decline in the share price relative to the fundamental performance,” thinks it is “hard to argue that shares are trading at anything but peak skepticism.” The firm, which thinks Q2 could possibly turn positive, tells investors to decide if they really believe in growth in the second half and “if the answer to that question is yes, well, as they say, fortune favors the bold.”