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Fly News Breaks for February 1, 2016
GPRO
Feb 1, 2016 | 06:57 EDT
Piper Jaffray analyst Erinn Murphy cut her price target on shares of GoPro to $7.50 from $9 ahead of the action camera maker's Q4 results this week. The stock closed Friday up 88c to $11.45. While GoPro already pre-announced well below consensus results for Q4, the company will likely offer Q1 guidance on the earnings conference call, Murphy tells investors in a research note. Her Q1 revenue estimate is $272M, below the consensus of $298M. She reiterates an Underweight rating on GoPro, her firm's equivalent of a sell.
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