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Fly News Breaks for September 7, 2016
FIT
Sep 7, 2016 | 15:43 EDT
Mizuho analyst Betty Chen believes the the lack of meaningful differentiation within the fitness features from Apple (AAPL) may be unable to convince users to switch to the higher price point item, as witnessed in first generation Apple Watch. She expects Fitbit's (FIT) newness of the Charge 2 and Flex 2 to compete favorably against Apple and to maintain dominate share in wearables. Chen rates Fitbit a Buy with a $20 price target on shares.
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