UPDATE: JPMorgan Downgrades Vivent Smart Home (VVNT) to Neutral
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JPMorgan analyst Paul Coster downgraded Vivent Smart Home (NYSE: VVNT) from Overweight to Neutral with a price target of $15.00.
The analyst comments "A lack of liquidity combined with speculative trading seems to have contributed to VVNT’s ~65% appreciation this week (S&P down ~0.5%) which means the stock price does not properly reflect fundamentals in our view, and we are therefore downgrading to Neutral on valuation."
Shares of Vivent Smart Home closed at $19.40 yesterday.
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Create E-mail Alert Related CategoriesAnalyst Comments, Downgrades, Hot Downgrades
Related EntitiesJPMorgan, Standard & Poor's
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