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GoPro Will Trade 'Sideways' Next Two Months, Citi Warns
Monday, February 1, 2016 - 11:03am | 315Read More...GoPro Inc (NASDAQ: GPRO) shares have plunged 40 percent year-to-date and are trading near their 52-week low of $9.90. Citi’s Jeremy David maintained a Neutral rating for the company, with a price target of $12. GoPro is expected to guide to weak 1Q results and its shares are...
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Citi On GoPro: We Were Wrong, Cut Price Target From $75 To $22
Friday, December 11, 2015 - 8:33am | 349Read More...GoPro Inc (NASDAQ: GPRO) shares have plunged 70 percent year-to-date, and are trading close to the low-end of their 52-week range of $16.77 - $69.75. Citi’s Jeremy David downgraded the rating on the company from Buy to Neutral, while reducing the price target from $75 to $22. GoPro...
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Citi, Morgan Stanley At Odds Over Garmin
Thursday, October 15, 2015 - 1:59pm | 485Read More...Shares of Garmin Ltd. (NASDAQ: GRMN) plunged to new 52-week lows of $31.86 on Thursday and are now lower by nearly 40 percent year-to-date. Jeremy David of Citi maintained a Sell rating with a $30 price target on Garmin after the company pre-announced disappointing third-quarter results on...
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Did Citi Just Call A Bottom In GoPro?
Thursday, September 17, 2015 - 8:59am | 273Read More...Shares of GoPro Inc (NASDAQ: GPRO) have decline 45.37 percent year-to-date. Citi’s Jeremy David has reiterated a Buy rating and price target of $90 on the company. David believes that concerns regarding the slow start to HERO4 Session have created an attractive entry point into...
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Citi Warns Of Rising Disruption Risks From Drones, Cuts GoPro Estimates
Wednesday, June 10, 2015 - 8:59am | 269Read More...In a note published Wednesday, Citigroup analyst Jeremy David lowered his expected total return for GoPro Inc (NASDAQ: GPRO) to -4.6 percent, maintaining a Neutral rating on the company. David cites Citigroup's annual U.S. action camera survey, saying that fewer American consumers are...
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EPS Estimates Are Rising At GoPro
Monday, April 27, 2015 - 1:54pm | 371Read More...GoPro Inc (NASDAQ: GPRO) is scheduled to announce its first quarter financial results on Tuesday, after the market closes. According to Estimize, both the crowd and the Street are expecting EPS and revenue above guidance of $0.16 and $335 million. Main Street projects EPS of $0.20 on revenue of...
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Here's Why Citigroup Sees Mixed Q1 Earnings Out Of GoPro
Wednesday, April 22, 2015 - 8:33am | 259Read More...In a report published Tuesday, Citigroup analyst Jeremy David previewed GoPro Inc (NASDAQ: GPRO)'s first quarter results and expects the company to deliver a topline beat, but he isn't expecting a large EPS beat. GoPro will report its first quarter results on April 28 after market close. David...
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Citi Downgrades Nokia And Alcatel Amid Challenges Following Acquisition
Thursday, April 16, 2015 - 11:10am | 295Read More...Citi issued a report on Nokia Corporation (ADR) (NYSE: NOK) and Alcatel Lucent SA (ADR) (NYSE: ALU) after the announcement that Nokia was acquiring Alcatel-Lucent in an all stock deal. Citi downgraded Nokia from Buy to Neutral and maintained a €7.50 price target. Citi also downgraded Alcatel...
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Garmin Shares Slashed To Sell At Citi
Monday, April 6, 2015 - 10:11am | 280Read More...Citi downgraded Garmin Ltd. (NASDAQ: GRMN) from Buy to Sell and cut its price target from $68 to $42. Analysts Jeremy David and Ehud Gelblum believed that growth in Garmin's GPS fitness watch business was "likely to stall" and that Outdoor revenue could decline year-over-year....
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Citi: GoPro's 'Low-End HERO Is Gaining Traction'
Friday, February 6, 2015 - 1:37pm | 321Read More...After GoPro Inc (NASDAQ: GPRO) reported “Apple-Esque” results but not-so-strong guidance, Citi research analysts Jeremy David and Ehud Gelblum trimmed their price target (from $59 to $48) and 2015 and 2016 EPS estimates. The analysts maintain a Neutral rating on the stock, which is...
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Citigroup Reacts To GoPro CFO Clarifying CES Comments
Tuesday, January 13, 2015 - 10:08am | 143Read More...In a report published Tuesday, Citigroup analyst Jeremy David reiterated a Neutral rating and $94.00 price target on GoPro Inc (NASDAQ: GPRO). In the report, Citigroup noted, “After our CES meeting with GoPro CFO Jack Lazar last week, we wrote that Lazar had stated margins on the $130 HERO device...
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Citigroup: GoPro Could Be Left Out In 'Social Cam' Shift
Friday, January 9, 2015 - 12:05pm | 277Read More...GoPro Inc (NASDAQ: GPRO) could get left behind in the point-of-view camera market in a shift to cheaper, wearable "social cams," an analyst said Friday. Privately held Ion America LLC makes a "compelling case" for a pending market shift, Citigroup's Jeremy David said...
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Citi Raises GoPro Inc Price Target
Tuesday, September 30, 2014 - 9:32am | 133Read More...Citi raised its price target for GoPro Inc (NASDAQ: GPRO) from $70 to $94. According to a research team lead by Jeremy David, GoPro’s new HERO4 should lead to higher average selling prices. The new $500 HERO4 model is complemented on the low-end by the $130 HERO model. David’s...
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Citi Reiterates On Garmin, Optimistic On Wearables
Tuesday, May 27, 2014 - 2:49pm | 202Read More...In a report published Tuesday, Citi Research analyst Jeremy David reiterated a Buy rating and $65.00 price target on Garmin Ltd (NASDAQ: GRMN), optimistic on the growth of wearables. David met with Garmin's management, including CEO Cliff Pemble, last Thursday at the company's headquarters. Pemble...
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UPDATE: Citi Upgrades Motorola Solutions
Tuesday, January 21, 2014 - 11:27am | 206Read More...In a report published Tuesday, Citi analyst Jeremy David upgraded Motorola Solutions (NYSE: MSI) to Buy from Neutral, raising its price target to $75.00 from $65.00. According to the report, the upgrade reflects the analyst's belief that additional buybacks to the tune of $1.5B are possible based...
