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Fly News Breaks for May 28, 2015
GPRO
May 28, 2015 | 10:45 EDT
After GoPro's CEO confirmed plans for a six camera virtual reality setup to launch in 2015 and the company's intent to enter the drone market in 2016, Stifel said its expects minimal impact to 2015 and 2016 financials from the "niche" VR product but sees an annual incremental revenue opportunity of $150M-$200M in 2016 if the drone product launches in the first quarter of next year. The firm raised its 2016 estimates to account for the drone, but maintains its Hold rating on GoPro, given the stock's valuation.