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Fly News Breaks for July 19, 2016
ZAGG
Jul 19, 2016 | 10:04 EDT
Craig-Hallum analyst Mike Malouf's completed channel checks to determine any uptick in sales of battery packs and power cases associated with Pokemon Go craze and came away surprised at the magnitude of the rapid pace of sell-through. Malouf said over 80% of his checks indicated significant increased demand and rapid phone upgrading in order to handle the processing power needed for the game which should help sales of ZAGG's flagship product InvisibleSHIELDs. The analyst has a Buy rating on ZAGG and a $12.50 price target.
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