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Fly News Breaks for January 14, 2016
GPRO, AMBA
Jan 14, 2016 | 07:14 EDT
After GoPro (GPRO) issued a negative preannouncement, KeyBanc cut its price target on Ambarella (AMBA) to $72 from $77. However, the firm says that Ambarella's exposure to GoPro "should not be overstated," while Ambarella's new products should boost its fiscal 2017 results. The firm continues to be upbeat on Ambrella overall, keeping an Overweight rating on the shares.
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