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Fly News Breaks for September 22, 2016
FIT
Sep 22, 2016 | 06:25 EDT
Citi analyst Stanley Kovler says early indications of Fitbit's new product cycle suggest the company's Q3 is shaping up to be at least in-line with expectations. The analyst's analysis of App Annie downloads give him increased confidence of Fitbit's ability to meet its Q3 guidance. Kovler continues to view the stock as "relatively inexpensive." He reiterates a Buy rating on the name with a $20 price target.
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