Citigroup Maintains Buy on Angi, Lowers Price Target to $3.25
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Peter Saleh has maintained a Buy rating on Angi (NASDAQ:ANGI) but has lowered the price target from $4 to $3.25.

May 09, 2024 | 6:23 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on Angi but lowers the price target from $4 to $3.25.
While the maintenance of a Buy rating suggests continued confidence in Angi's fundamentals and potential for growth, the reduction in the price target could reflect adjustments in market conditions or expectations for the company's performance. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the implications.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100