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Fly News Breaks for October 21, 2015
IRBT
Oct 21, 2015 | 07:41 EDT
Canaccord said weakness in iRobot following its lowered 2015 revenue guidance would be a buying opportunity. The firm expects the pullback to be short lived, as investors turn their focus to positive drivers in 2016, including strong consumer robot demand and better Defense and Security trends. Canaccord reiterated its Buy rating and $40 price target on iRobot shares.
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