BUZZ-Roku falls as Wells Fargo downgrades to "underweight" on shifting competitive landscape
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Roku's stock fell 2.5% after Wells Fargo downgraded the streaming-device provider to "underweight". The brokerage cited the acquisition of Vizio by Walmart as a significant risk, leading to a decrease in net adds for Roku. Additionally, competition from heavyweights like Netflix and Amazon has impacted Roku's stock, which has dropped 32% since February 15. The current rating on Roku is "hold" with a median price target of $81.
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