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Fly News Breaks for June 3, 2015
GPRO
Jun 3, 2015 | 06:31 EDT
JPMorgan analyst Paul Coster raised his price target for GoPro shares to $75 from $70 saying the action camera maker's pace of innovation "continues to gather momentum." Coster expects the Alpha version of the cloud-hosted GoPro app, a Hero device that integrates touch LCD and the introduction of a drone in 2016 to drive "strong" capture-device growth through 2016 and into 2017. He maintains an Overweight rating on GoPro. The stock closed yesterday down 12c to $58.40.
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