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Fly News Breaks for May 18, 2017
FIT
May 18, 2017 | 09:19 EDT
After conducting checks around Mother's Day, Longbow analyst Joe Wittine says that Fitbit's Q2 sales are tracking ahead of the company's guidance. The analyst says that the company's fundamentals are improving and he sees a "trade opportunity" into the Q2 results. However, he keeps a Neutral rating on the shares, citing the lack of visibility into the specs of the company's new smartwatch.
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