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Fly News Breaks for July 22, 2015
GPRO
Jul 22, 2015 | 07:59 EDT
Citi analyst Jeremy David raised his price target for GoPro to $63 and keeps a Neutral rating on the stock following the action camera maker's Q2 results. Results and guidance were better than expected on strong international expansion and new product launches, David tells investors in a research note. Nonetheless, no product refresh in September and no consumer drone for Christmas could lead to an "air pocket in demand," the analyst cautions.
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