RBC Capital analyst Brad Erickson lowered the firm’s price target on Angi Inc. (ANGI) to $5 from $12 and keeps a Sector Perform rating on the shares. The company is re-building its core engine to become a more comprehensive digital AI assistant, though Angi’s Q1 results were “less than ideal” while the management highlighted LLM’s taking share of homeowner traffic, the analyst tells investors in a research note.
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