Information Provided By: 
Fly News Breaks for August 29, 2019
IRBT
Aug 29, 2019 | 08:58 EDT
Sidoti analyst Frank Camma upgraded iRobot to Buy from Neutral and maintained an $83 price target saying valuation is "compelling. Camma believes tariff and competition concerns are overdone. He expects the company to produce some robotic vacuum cleaners in Malaysia by the end of the year, which should mitigate future tariff increases. Further, the analyst expects iRobot to face additional competition, but said the company spends aggressively on R&D, selling, and marketing, which will allow it to maintain its lead in the category.
News For IRBT From the Last 2 Days
There are no results for your query IRBT
