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Fly News Breaks for August 23, 2016
FIT
Aug 23, 2016 | 09:29 EDT
Longbow analyst Joe Wittine raised his 2017 forecast for Fitbit after his analysis led him to estimate that the company's opportunity in the "Core-5" countries in Europe, Asia and non-US Americas could potentially be as high as 109M incremental units, even under conservative assumptions. The firm has a Buy rating and $20 price target on Fitbit shares.
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