Angie's List (ANGI +2.7%) opens higher after Needham starts coverage at Buy. The firm argues...

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

Angie's List (ANGI +2.7%) opens higher after Needham starts coverage at Buy. The firm argues Angie's will benefit from network effects and "can replicate the success in its mature markets across its other markets," and will improve its profitability thanks to "the high lifetime value per member relative to member acquisition costs." Northland started coverage at Outperform on Angie's, which trades well below its Spring highs, on Nov. 27.