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Fly News Breaks for July 28, 2016
GPRO
Jul 28, 2016 | 06:45 EDT
Piper Jaffray analyst Erinn Murphy says that despite GoPro's $32M sales beat versus her estimate in Q2, the company keep its FY16 sales guidance unchanged. Further, GoPro's gross margin in the second half of 2016 is forecasted to be 40% plus or minus 100 basis points, which is below her former estimate of 41.1%. Murphy keeps an Underweight rating on the shares with a $6.50 price target.
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