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

Article Stock Quotes (1) Comments (0)

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.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Angie's List (ANGI) CEO Oesterle Sell 25,600 Shares
• Stifel Nicolaus Starts LKQ Corp. (LKQ) at Buy
• Topeka Capital Starts InvenSense (INVN) at Buy

Create E-mail Alert Related Categories

New Coverage

Related Entities

Wells Fargo

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?