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Fly News Breaks for March 18, 2015
IRBT
Mar 18, 2015 | 07:58 EDT
As previously reported, Raymond James downgraded iRobot to Outperform from Strong Buy. The firm lowered estimates to reflect ongoing macro uncertainty, back end loaded sales progression, and lack of new product revenue this year. Price target remains $41.
News For IRBT From the Last 2 Days
IRBT
Mar 28, 2024 | 09:50 EDT
After Walmart (WMT) and Vizio (VZIO) pulled and refiled their notification under the Hart-Scott-Rodino Act Wednesday, Dealreporter told its readers that the move "may have investors wondering if this could become another Amazon (AMZN) and iRobot (IRBT) situation," contacts tell The Fly. While the M&A-focused publication said "there are traces of that same dynamic here," it added that "this pull-and-refile suggests this deal is on stronger footing than AMZN-IRBT," according to contacts. The news service sees "a genuine chance that this deal could get a prolonged look from regulators due to some of the similar dynamics at play compared to IRBT and AMZN," it reportedly said.