UPDATE: JPMorgan Upgrades Vivent Smart Home (VVNT) to Overweight

July 22, 2020 4:23 AM EDT
Get Alerts VVNT Hot Sheet
Price: $12.27 -2.39%

Rating Summary:
    4 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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(Updated - July 22, 2020 4:59 AM EDT)

(updating comment)

JPMorgan analyst Paul Coster upgraded Vivent Smart Home (NYSE: VVNT) from Neutral to Overweight with a price target of $20.00.

The analyst comments "We re upgrading VVNT to Overweight from Neutral. VVNT is trading at ~10.1x our CY21 PF EPBITDA a discount to the broader peer group, and a widening discount to near peer Alarm.com (despite some similarity in fundamentals). In our view the stock looks attractively valued here, ahead of the positive re-rating that should occur in a year from now as cash flow from operations turns positive. With an Overweight rating, we look for VVNT to outperform the mean of our coverage in the next 6 - 12 months."

For an analyst ratings summary and ratings history on Vivent Smart Home click here. For more ratings news on Vivent Smart Home click here.

Shares of Vivent Smart Home closed at $15.32 yesterday.


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