Citi downgrades Roku, sending shares tumbling

Citi downgrades Roku, sending shares tumbling

5 years ago
Anonymous $syBn1NGQOq

https://www.cnbc.com/2019/04/08/citi-downgrades-roku-sending-shares-tumbling.html

Shares of Roku slipped more than 5 percent Monday after Citi downgraded the stock citing increased competition in the TV streaming space.

Despite being up more than 110% year to date, Citi lowered its overall rating for Roku to sell from neutral and changed its target price to $50 from $53.

Citi downgrades Roku, sending shares tumbling

Apr 8, 2019, 5:27pm UTC
https://www.cnbc.com/2019/04/08/citi-downgrades-roku-sending-shares-tumbling.html > Shares of Roku slipped more than 5 percent Monday after Citi downgraded the stock citing increased competition in the TV streaming space. > Despite being up more than 110% year to date, Citi lowered its overall rating for Roku to sell from neutral and changed its target price to $50 from $53.