GoPro CEO hawking cameras on QVC may be a bad sign

By | December 11, 2015

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Recent data suggest demand for GoPro (GPRO) action cameras is weakening, prompting a downgrade of GoPro stock by Citi Research. Citi analyst Jeremy David on Friday cut his rating on GoPro stock to neutral from buy and slashed his price target to 22 from 75. “We got it wrong,” David said about his firm’s previously bullish tone toward GoPro. GoPro’s second price cut in five months to its new Hero 4 Session camera and GoPro CEO Nick Woodman’s recent Scalper1 News

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