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Fly News Breaks for December 4, 2015
GPRO
Dec 4, 2015 | 08:21 EDT
As previously reported, Baird downgraded GoPro (GPRO) to Neutral from Buy and lowered its price target to $18 from $36 on shares. Analyst William Power's checks indicate there has been no meaningful pickup in GoPro camera sales and consensus estimates are likely to fall further, with no clear catalysts for shares near-term. Ambarella's (AMBA) weaker than expected outlook and inventory comments also suggest weaker trends are likely to persist into Q1, the analyst wrote.
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