J.P. Morgan lowers stock ratings for Angi, Getty Images and Playstudios
** Brokerage J.P.Morgan downgrades home services company Angi ANGI.O, stock image platform Getty Images GETY.N and casual games developer Playstudios MYPS.O
** Downgrades Angi to "neutral" from "overweight"
** ANGI has taken significant steps to improve consumer experience and profitability in recent years, but revenue declines have been significant - J.P.Morgan
** Brokerage notes increased uncertainty from FCC's 1x1 consent rule and sooner than expected spin of IAC's IAC.O 85% stake; says revenue growth is needed for ANGI shares to re-rate higher, but it's not expected until 2026
** Downgrades Getty to "underweight" from "neutral"
** Brokerage cites limited 2025 revenue growth and margin expansion, ongoing uncertainty on longer-term impact of generative AI on industry
** Brokerage downgrades Playstudios to "underweight" from "neutral"
** Cites pushed back playAWARDS monetization, underperforming Tetris titles and social casino headwinds persisting in 2025
** Sees MYPS revenue to decline 8% in 2025, which is 2% below estimates and lags mobile gaming industry growth in mid-single-digit percentages
** Up to last close, ANGI, GETY and MYPS stocks down 30.5%, 51% and 22.5%, respectively, YTD
Reporting by Neil J Kanatt in Bengaluru
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