Streaming Video Hub Roku Downgraded On Valuation Concerns

▤ Summary

XGuggenheim Securities analyst Michael Morris downgraded Roku stock to neutral from buy and cut his price target to 72 from 77. "Rokus valuation now more accurately reflects its opportunity in streaming video," he said in a note to clients. Morris also upgraded Facebook ( FB ) to buy from neutral and raised his price target to 200 from 175. "We are more optimistic about investors comfort level with regulatory and privacy risks at Facebook," Morris said. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor companies.

▦ Linked Companies