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Fly News Breaks for February 4, 2016
GPRO
Feb 4, 2016 | 06:38 EDT
Piper Jaffray analyst Erinn Murphy cut her price target for GoPro to $7.00 following the company's "markedly lower-than-expected" Q1 results. GoPro profitability is hard to envision in the near future, Murphy tells investors in a post-earnings research note. The stock "proves challenging to invest in," Murphy contends. She reiterates an Underweight rating on the name.
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