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Fly News Breaks for July 17, 2015
GPRO, AMBA
Jul 17, 2015 | 07:09 EDT
After conducting checks, Pacific Crest says that Ambarella is benefiting from strong demand for drones and steady demand for GoPro's (GPRO) cameras. The firm thinks the stock could reach $123 if demand for action cameras in China accelerates. It keeps a $123 price target and Overweight rating on the shares.
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