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IRobot -3.7% on Spruce's Strong Sell

Nov. 14, 2018 11:48 AM ETiRobot Corporation (IRBT) StockIRBTBy: Brandy Betz, SA News Editor8 Comments
  • Spruce Point reiterates its Strong Sell on iRobot (NASDAQ:IRBT) and sees a 70% to 80% downside risk.
  • The firm cites competitive pressure contributing to ASP, market share, and cash flow losses along with Chinese tariff expansion and increasing distribution dependence on Amazon. 
  • Read the full report here
  • IRBT shares are down 3.7% to $87.99.  

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