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Fly News Breaks for August 3, 2017
FIT
Aug 3, 2017 | 09:33 EDT
Benchmark analyst Scott Searle noted that Fitbit announced Q2 results that were slightly ahead of expectations and importantly said its smartwatch introduction is expected in time for the holiday selling season. He views Fitbit as positioned to participate in industry growth and "not just another broken" consumer electronics company, he tells investors. Searle has a Buy rating and $10 price target on Fitbit shares.
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