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Fly News Breaks for March 18, 2016
IRBT
Mar 18, 2016 | 06:24 EDT
JPMorgan analyst Mark Strouse downgraded iRobot to Underweight citing valuation with the stock up 25% since mid-February. The shares are now pricing in "near-flawless execution of international expansion," presenting an unfavorable risk/reward, Strouse tells investors in a research note. The analyst keeps a $28 price target for the shares.
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