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Fly News Breaks for February 3, 2017
GPRO
Feb 3, 2017 | 09:27 EDT
As previously reported, Baird analyst William Power downgraded GoPro to Underperform from Neutral. The analyst cited disappointing guidance despite the relatively new HERO5. He believes guidance is aggressive and coupled with less than $2 in cash, the rating needed to be revised downward. Power lowered his price target to $6 from $10 on GoPro shares, which are down about 10% to $9.90 in pre-market trading just prior to the opening bell.
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