Roku price target lowered to $95 from $115 at Citizens JMP

Citizens JMP lowered the firm’s price target on Roku (ROKU) to $95 from $115 and keeps an Outperform rating on the shares. Walmart (WMT) is looking to expand Vizio’s SmartCast OS to third-party TV OEMs, which could significantly impact Roku’s distribution, the analyst tells investors in a research note. The firm believes Roku has multiple levers to mitigate this impact, and continues to view Roku’s user experience and reach to more than 50% of U.S. broadband households as core differentiators.