Wunderlich Securities Expects In-Line Quarter Results for Angie's List

In a report published Monday, Wunderlich Securities analyst Blake T. Harper reiterated a Buy rating and $13.00 price target on Angie's List ANGI. In the report, Wunderlich Securities noted, “Angie's List, Inc. (ANGI) reports results before market open on Wednesday, October 22nd and we expect the company to come in-line with our estimates. We believe the company has made positive changes to its business that have yet to translate into better financial results. Those improvements include lowering the paywall to expand the reach of the platform, opening its deals to nonmembers, and investing in a mobile, transaction-based service. We also expect sale productivity to improve given changes in the department and have continued to see large increases in the number of deals offered in the two markets we track. Rumors of the company getting acquired may have merit, even with the company moving ahead with its headquarters expansion plans.” Angie's List closed on Friday at $8.36.