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Fly News Breaks for March 1, 2017
GPRO
Mar 1, 2017 | 07:38 EDT
Cowen analyst Robert Stone said GoPro remains the leader in action cameras, but is seeing increased competition in "lifestyle capture," which was meant to be a growth driver for the company. Smartphone cameras are grabbing a share of the market, causing the analyst to cut estimates and the price target on GoPro. Stone maintained his Market Perform rating and lowered his price target to $8.50 from $9.50 on GoPro shares.
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