UPDATE: Susquehanna International Group Reiterates Neutral Rating, Lowers PT on iRobot Corporation on 4Q14 Preview

In a report published Monday, Susquehanna International Group analyst Meghna Ladha reiterated a Neutral rating on iRobot Corporation IRBT, but lowered the price target from $38.00 to $34.00. In the report, Susquehanna International Group noted, “IRBT reports 4Q'14 earnings after-market on Feb. 4th. Our channel checks suggest the company is on track to deliver another strong quarter driven primarily by strong holiday sales of the Roomba 800 series (detailed below). The main focus on the call should be on 1) IRBT's initial FY'15 outlook given the weak macro environment in Europe and Japan, 2) IRBT's competitive positioning vs. new entrants like Dyson and Panasonic, and 3) introduction of a new home robot product.” iRobot Corporation closed on Friday at $31.55.