Seeking Alpha

iRobot +2.1% on JPMorgan upgrade

  • 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.
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