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

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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

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

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

 

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