ANGI - ANBI downgraded as BTIG expects 'subdued' revenue growth

Expecting a "multi-quarter period of subdued top-line growth and EBITDA margin," BTIG downgrades ANGI Homeservices (ANGI) from Buy to Neutral.Analyst Jake Fuller notes that Q4 results were in line with estimates, but January comps "showed deceleration across core metrics."The analyst calls the H1 forecast "difficult" and models under 10% revenue growth and under 12% EBITDA margin, well below ANGI's respective 20% and 35% targets.ANGI shares are down 0.7% pre-market to $13.92.Earlier this week, ANGI reported Q4 results that topped revenue estimates but missed on profit.

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ANBI downgraded as BTIG expects 'subdued' revenue growth