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Fly News Breaks for February 4, 2016
GPRO, AMBA
Feb 4, 2016 | 07:52 EDT
Canaccord lowered its price target on Ambarella (AMBA) to $65 from $90 to reflect the lowering of revenue contributions from GoPro (GPRO), but feels the shares remain undervalued. The firm believes Ambarella's portfolio of differentiated products is underappreciated and reiterated its Buy rating on Ambarella shares.
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