GoPro hits new low on holiday sales concerns

By | November 18, 2015

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GoPro (GPRO) stock was kneecapped Wednesday by a negative report from Piper Jaffray analyst Erinn Murphy. Murphy cut her price target on GoPro to 15 from 20 and rates the stock as underweight. GoPro shares were down 7% to just above 19 in afternoon trading on the stock market today. GoPro went public at 24 in June 2014. “We are incrementally cautious on GoPro as we go deeper into the holiday season,” Murphy said. She noted price cuts for GoPro Scalper1 News

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