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Fly News Breaks for September 21, 2017
GPRO
Sep 21, 2017 | 09:47 EDT
Cleveland Research analyst Ben Bollin raised GoPro's unit and earnings assumptions through 2018. The analyst said feedback indicates 2017 units are trending to 4.7-4.8M units, versus 4.6-4.7M prior, and 2018 expectations suggest flat year-over-year performance, versus a low $4M range prior. The analyst adds Karma sales appear better on improved availability and the Wynit bankruptcy is not expected to be a significant headwind. Bollin rates GoPro shares a Neutral.
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