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Fly News Breaks for December 1, 2015
GPRO, AMBA
Dec 1, 2015 | 07:20 EDT
Deutsche Bank analyst Ross Seymore lowered his Q4 estimates for Ambarella (AMBA) saying recent softness at GoPro (GPRO) makes him more cautious on the company's guidance when reporting Q3 on December 3. New design wins will only partially offset weak sales of GoPro cameras in Q4, Seymore tells investors in a pre-earnings research note. He cut his price target for Ambarella shares to $70 from $85 and keeps a Hold rating on the name.
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