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Fly News Breaks for July 22, 2015
GPRO
Jul 22, 2015 | 05:58 EDT
Barclays analyst Joseph Wolf raised his price target for GoPro shares to $71 from $65 following the action camera maker's Q2 results. In a research note titled "The growth story continues," Wolf told investors that the quarterly earnings report supports his upgrade of GoPro last week. The company's margin expansion and international growth story should continue in the second half of 2015, Wolf writes. He reiterates an Overweight rating on GoPro. The stock is trading up $1.91 to $63.95 in the pre-market.
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