Angie's List bounces on bullish sell-side notes

|About: Angie's List, Inc. (ANGI)|By:, SA News Editor

After diving two days in a row thanks to news of its CTO departure and related analyst commentary, Angie's List (ANGI +4.3%) is rebounding today as Piper and Oppenheimer come to the local services site's defense.

Piper, which is reiterating an Overweight and $30 PT, expects Angie's to post in-line Q3 results and suggests the departure of CTO Manu Thapar was driven by a desire to better position the company's platform for the future.