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Fly News Breaks for May 4, 2016
GPRO
May 4, 2016 | 06:30 EDT
JPMorgan analyst Paul Coster expects GoPro to report "seasonally weak" Q1 results tomorrow amid elevated investment spending and price cuts to existing camera lines. The company is well capitalized to weather the first half of 2016 storm, however, and catalysts are piled up for the second half of the year, Coster tells investors in a pre-earnings research note. He points to the upcoming drone and Hero 5 launches as well as software releases in the second half. Coster keeps an Overweight rating on GoPro with a $17 price target. The action camera maker closed yesterday down 58c to $11.65.