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Fly News Breaks for August 26, 2015
GPRO, AMBA
Aug 26, 2015 | 07:47 EDT
After conducting checks, Pacific Crest says that Ambarella (AMBA) is benefiting from strong drone demand, while its sales to GoPro (GPRO) are "steady," and competitive concerns appear to be baked into the stock at current levels. The firm recommends buying the shares at current levels and keeps a $123 price target and Buy rating on the shares.
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