As previously reported, Morgan Stanley analyst James Faucette downgraded GoPro to Underweight from Equal Weight, stating that almost all retailers he has spoken with pointed to year-over-year declines in sales and waning interest in the action camera category, along with a shift toward lower-priced products. The analyst, who thinks usability issues have weighed on the uptake of the Session camera and doesn't expect file size issues to be fixed with the HERO 5, which also now sees being introduced later than previously anticipated, slashed his price target on GoPro to $12 from $23 per share.