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Fly News Breaks for May 18, 2015
GPRO
May 18, 2015 | 07:54 EDT
Oppenheimer analyst Andrew Uerkwitz upgraded GoPro to Perform from Underperform, saying that the company has no notable near-term headwinds and that deeper penetration in Europe and its entrance in East Asia should help it deliver growth this year. However, Uerkwitz added that his long-term negative bias on the stock is "intact and stronger than ever," due to his belief that GoPro's market opportunity remains limited and the replacement cycle for its action cameras will be long.
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