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Fly News Breaks for September 15, 2016
IRBT
Sep 15, 2016 | 09:15 EDT
Needham analyst James Ricchiuti raised his price target for iRobot to $46 from $42, saying he is more optimistic about upside to estimates over the next year after meeting with the company's management. The analyst sees multiple avenues that could allow the company to deliver positive surprises in the consumer business, including core Roomba sales and in the emerging wet-floor care category. He reiterates a Buy rating on the shares.
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