JPMorgan analyst Paul Coster says shares of GoPro can move higher from current levels following the company's Q2 results. The stock is trading up 4% in pre-market trading to $11.57. The company signaled an "encouraging return" to 40% gross margins in the second half of 2016, Coster tells investors in a post-earnings research note. A reduced product lineup drove a recovery in average selling prices, while sell-through exceeded sell-in, the analyst writes about the Q2 results. He keeps an Overweight rating on GoPro while lowering his price target for the shares to $16 from $17.