Information Provided By:
Fly News Breaks for August 24, 2015
M, FIT
Aug 24, 2015 | 07:27 EDT
Piper Jaffray analyst Erinn Murphy notes that Fitbit (FIT) products are rolling out nationwide at Macy's (M), which she views as a significant catalyst heading into the Fall and Holiday season and as a positive partnership over the long-term. Murphy estimates that having its products in 650 Macy's stores with two displays each could add $250M-$750M in sales for Fitbit, adding that she believes only some of this is included in the company's guidance. Murphy maintains an Overweight rating and $60 price target on Fitbit shares.
News For FIT;M From the Last 2 Days
There are no results for your query FIT;M