UPDATE: JPMorgan Downgrades Vivent Smart Home (VVNT) to Underweight
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JPMorgan analyst Paul Coster downgraded Vivent Smart Home (NYSE: VVNT) from Neutral to Underweight with a price target of $15.00.
The analyst comments "Vivint is a first mover and category leader in the smart home solutions space in North America, an addressable market that is large and growing rapidly. It is a profitable company that has scale, proprietary technology, and a unique go-to-market with which to pursue 10%-plus growth in an important niche opportunity."
Shares of Vivent Smart Home closed at $25.65 yesterday.
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