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Fitbit (FIT) Pullback Creates Compelling Entry - Mizuho

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Pacific Crest Cuts Fitbit (FIT) to 'Underperform'; Charge 2 Off to Slow Start, Says Analyst

September 29, 2016 6:44 AM EDT

Pacific Crest downgraded Fitbit (NYSE: FIT) from Sector Weight to Underperform. Analyst Brad Erickson said checks indicate that Charge 2, Fitbit's flagship holiday product, is off to a slow start, and he sees downside to $11.

"Checks indicate Charge 2, Fitbit's flagship holiday product, is off to a slow... More