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Fly News Breaks for December 7, 2016
FIT
Dec 7, 2016 | 10:41 EDT
Mizuho analyst Betty Chen said Fitbit's (FIT) partnership announcement with Medtronic (MDT) as well as its deal to acquire specific assets of Pebble demonstrate the company's progress in maintaining its lead in wearables technology. The analyst, who thinks Fitbit could be a natural partner for healthcare and insurance services companies and believes the Pebble deal can accelerate its roadmap for smartwatches and its digital health efforts, keeps a Neutral rating on the shares.
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