Fly News Breaks for January 2, 2019
IRBT
Jan 2, 2019 | 05:06 EDT
Piper Jaffray analyst Troy Jensen believes demand for iRobot's robotic vacuums were strong once again this holiday season. As such, he anticipates the company will report "impressive" Q4 results. The new high-end i7/i7+ vacuum appears to have sold "exceptionally well" and the e5 model also likely outperformed, Jensen tells investors in a research note. The analyst, however, reiterates a Neutral rating on iRobot shares with an $82 price target. He continues to believe trade tariffs will negatively impact profitability and/or demand.
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