Macquarie Starts Angie's List (ANGI) at Outperform

Macquarie analyst Ben Schachter initiates coverage on Angie's List (NASDAQ: ANGI) with an Outperform rating and a price target of $25.00.

The analyst cited:

• ANGI is a clear leader of $400B+ digital home services marketplace.
• Consumers Want This Service; Mgmt must execute and deliver supply at scale.
• Valuation on traditional multiples challenging; LT DCF driven model; ’19 to be investment year.

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 $17.30 yesterday.

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