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Fly News Breaks for June 17, 2016
GPRO
Jun 17, 2016 | 10:47 EDT
JPMorgan analyst Paul Coster says GoPro's Q2 "looks promising" after the company's CFO CFO, Brian McGee at a recent conference advised that channel inventory may fall less than previously anticipated owing to strong sell-through and retailer re-orders. Coster believes GoPro is seeing solid sell-through demand solid despite a major refresh in the second half of the year. He has an Overweight rating on the shares with a $17 price target.
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