Wells Fargo Starts Angie's List (ANGI) at Market Perform; Dual Revenue Streams, But Valuation High

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Wells Fargo initiates coverage on Angie's List (NASDAQ: ANGI) with a Market Perform. PT range $15.50-$16.50.

Analyst, Peter Stabler, said, "Though we view Angie's List as well-positioned to benefit from the digitization of local commerce and see positives in dual revenue stream, sub-based model and future operating leverage, we believe such investment positives are largely reflected in ANGI's current share price."

For an analyst ratings summary and ratings history on Angie's List click here. For more ratings news on Angie's List click here.

Shares of Angie's List closed at $15.43 yesterday, with a 52 week range of $10.77-$19.82.

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