Market Overview

UPDATE: J.P. Morgan Downgraded iRobot Corporation From Neutral to Underweight

Related IRBT
Benzinga's Top Upgrades, Downgrades For April 19, 2018
27 Stocks Moving In Thursday's Pre-Market Session
Notable earnings after Tuesday's close (Seeking Alpha)

In a research note from J.P. Morgan's Friday, the firm downgraded iRobot Corporation (NASDAQ: IRBT) from Neutral to Underweight. The firm maintains a $32 price target.

Analyst Paul Coster said, "though IRBT deserves to trade at a premium, it's current premium is to high and unjustified." The analyst noted "with the stock trading at a 12% premium to our YE14 price target, we believe risk-reward is tilting unfavorable."

Shares of iRobot are down nearly 5 percent at last check.

Latest Ratings for IRBT

Apr 2018PiperJaffrayUpgradesNeutralOverweight
Feb 2018Sidoti & Co.UpgradesNeutralBuy
Feb 2018JP MorganUpgradesUnderweightNeutral

View More Analyst Ratings for IRBT
View the Latest Analyst Ratings

Posted-In: Analyst Color News Downgrades Price Target Analyst Ratings


Related Articles (IRBT)

View Comments and Join the Discussion!