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Fly News Breaks for January 12, 2016
GPRO, AMBA
Jan 12, 2016 | 07:39 EDT
Canaccord acknowledged the China and GoPro (GPRO) concerns with respect to Ambarella (AMBA), but believes the recent weakness has created a rare opportunity to buy a differentiated IP company with secular growth. The firm sees growth from drones, residential security and new products potential. Canaccord reiterated its Buy rating and $90 price target on Ambarella shares.
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