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Fly News Breaks for May 29, 2015
GPRO, AMBA
May 29, 2015 | 07:15 EDT
Stifel says that demand in Ambarella's (AMBA) core markets is tracking above the firm's previous expectations, adding that the drone and wearables markets may drive more demand than it had previously expected. Stifel notes that its optimism on Ambarella is partly based on GoPro's (GPRO) March quarter results. It keeps a Buy rating on Ambarella.
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