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Fly News Breaks for February 19, 2019
IRBT
Feb 19, 2019 | 07:38 EDT
As reported previously, Canaccord analyst Jed Dorsheimer downgraded iRobot to Hold from Buy as the shares have moved past his price target. He attributes most of this strength to a combination of better than expected Q4 earnings, the announcement of its Terra product, and the high short interest resulting in a slight squeeze. Based on its valuation, the analyst believes moving to the sidelines is prudent. Dorsheimer lowered his price target to $114 from $115 on iRobot shares.
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