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Fly News Breaks for July 10, 2019
GPRO
Jul 10, 2019 | 08:06 EDT
Longbow analyst Nikolay Todorov said his checks with GoPro channel partners indicated that the initial curiosity and excitement around DJI's action camera was very short-lived and none of the partners saw an impact on GoPro's Q2 sales. The survey work, along with online indicators, suggest that HERO7 Black momentum remained strong and that Q2 demand trends were better than expected, said Todorov, who raised his estimates to the high end of GoPro's Q2 guidance but maintains a Neutral rating on the stock.
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