(ROKU) stock fell on Friday after an analyst warned that the streaming entertainment firm might be a victim of its own success. Stephens analyst Kyle Evans cut his rating on Roku (ticker: ROKU) to Equal Weight from Overweight, and lowered his price target on the shares by $50, to $105. Evans has a few concerns about the stock, but mostly he is wary of the company’s partnership with Chinese electronics firm TCL, which makes Roku-branded TVs. Read More...
(ROKU) stock fell on Friday after an analyst warned that the streaming entertainment firm might be a victim of its own success. Stephens analyst Kyle Evans cut his rating on Roku (ticker: ROKU) to Equal Weight from Overweight, and lowered his price target on the shares by $50, to $105. Evans has a few concerns about the stock, but mostly he is wary of the company’s partnership with Chinese electronics firm TCL, which makes Roku-branded TVs.
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