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Fly News Breaks for March 25, 2015
GPRO
Mar 25, 2015 | 08:32 EDT
Shares of GoPro around $42 are "especially attractive," FBN Securities analyst Shebly Seyrafi tells investors this morning in a research note. The stock has sold off despite the camera maker's "robust" growth rates, and is now down 58% from its 52-week high of $98, Seyrafi says. The analyst thinks concerns related to Xiaomi's entry into the sports camera market with its Yi Action Camera are overblown. He "strongly" recommends purchase of GoPro and reiterates an Outperform rating on the stock with a $75 price target. The action camera maker closed yesterday at $41.83.