Angie’s List Inc (NASDAQ:ANGI) shares are down Wednesday afternoon.
The stock received a downgrade from B. Riley from a ‘Buy’ to a ‘Neutral.’ The move comes as Amazon.com (NASDAQ:AMZN) adds competition to its business with its Home Services site.
Google (NASDAQ:GOOG,NASDAQ:GOOGL) is allegedly planning a foray into the home-services market as well. Analysts lowered Angie’s List’s price target from $12.50 to $6.75 following the move.
Angie’s List offers a “consumer-driven service to research, hire, rate and review local professionals for critical needs, such as home, health care and automotive services.”
ANGI stock is down 6.92% Wednesday afternoon. Shares are down more than 11% over the last week.
