UPDATE: J.P. Morgan Downgraded iRobot Corporation From Neutral to Underweight
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
|Nov 2016||Dougherty||Initiates Coverage On||Buy|
|Apr 2016||JP Morgan||Maintains||Underweight|
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