iRobot +2.1% on JPMorgan upgrade

|About: iRobot Corporation (IRBT)|By:, SA News Editor

JPMorgan has upgraded iRobot (IRBT) to Neutral, albeit while keeping its PT at $33. The firm considers the Roomba maker's risk/reward balanced following its recent selloff.

iRobot sold off last week after providing somewhat soft Q2 and full-year EPS forecasts. Shares are now 32% below a March high of $48.36.