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Fly News Breaks for January 5, 2016
GPRO
Jan 5, 2016 | 09:24 EDT
JPMorgan analyst Paul Coster said the firm's channel checks lead him to believes that GoPro's flagship Hero 4 Black and Silver models have sold-through well during the holidays, suggesting that the company's Q4 results may be better than feared. The Hero Session is "another story," however, the analyst acknoweldges, warning that a glut of lower-margin Session inventory may remain for a while longer. Coster maintains an Overweight rating and $45 price target on shares of GoPro, which are up 7% to $20 in pre-market trading.
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