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Fly News Breaks for February 28, 2018
AMZN, IRBT
Feb 28, 2018 | 09:43 EDT
After Amazon (AMZN) acquired a smart camera company Blink last year and reportedly agreed this week to buy smart security company Ring, Northland analyst Michael Latimore said he thinks a "logical next step" would be for the e-commerce giant to buy iRobot (IRBT) and add more smart home products to sell. The analyst, who said he expects additional color tomorrow during the company's analyst day on their "rich AI tech" and product roadmap, has an Outperform rating on iRobot shares.
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