Leerink Partners Reiterates Outperform After Fitbit (FIT) Unveils Alta

Fitbit's (FIT) New Alta Wearable Could Drive New Sales, Improve Margin Mix - Dougherty

Dougherty & Company reaffirmed Fitbit, Inc. (NYSE: FIT) with Neutral rating on Wednesday after the company unveiled its new Fitbit Alta wearable.

Analyst Charles Anderson summarized, ... the Alta is as thin and sleek as the $100 Fitbit Flex, but with a larger screen for notifications (caller ID, text) and more elegant band options. The device will launch in North America in March and globally in April, similar to the... More

Streetinsider.com's Hot Lunchtime Reads 2/3: (AAPL) (FIT) (SFXE) (GILD)

The following is a list of notable articles to help get you through the lunch hour:Stocks Stabilize Following Earlier Weakness ->... More

Fitbit's (FIT) Infusion of Fashion into Function with New Offerings Could Help Drive Conversions - Piper

Piper Jaffray affirms Fitbit (NYSE: FIT) with an Overweight rating and $60 price target after Fitbit introduced its new Fitbit Alta fitness wristband.

Analyst Erinn E.... More

Notable Analyst Rating Changes 2/2: (MS) (NFLX) (TJX) Upgraded; (AR) (LOGI) (TWTR) Downgraded

UPGRADES
Macquarie upgrades Morgan Stanley (NYSE: MS) from Neutral to Outperform with a price target of $33.

Piper Jaffray lifts Netflix (Nasdaq: NFLX) from Neutral to... More

Pre-Open Stock Movers 02/02: (HNSN) (KORS) (GOOGL) (GOOG) Higher; (ZINC) (IDTI) (HEAR) Lower (more...)

Horsehead Holding Corp. (Nasdaq: ZINC) 53.7% LOWER; announced today that it and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.

Hansen Medical, Inc. (NASDAQ: HNSN) 22.8% HIGHER; received U.S. Food... More

After-Hours Stock Movers 02/01: (MAT) (PVH) (GOOGL) Higher; (IDTI) (PDLI) (RCII) Lower (more...)

Integrated Device Technology (NASDAQ: IDTI) 15.7% LOWER; reported Q3 EPS of $0.35, in-line with the analyst estimate of $0.35. Revenue for the quarter came in at $177.8 million versus the consensus estimate of $175.41 million.

PDL BioPharma (NASDAQ: PDLI) 14.3% LOWER; cuts dividend

Rent-A-Center (NASDAQ: RCII) 9.6% LOWER; reported Q4 EPS of $0.54, $0.02 better than the analyst estimate of $0.52. Revenue for the quarter came in at $793.8 million versus the consensus estimate of $807.16 million. Also, declared a... More

Oppenheimer Starts Fitbit (FIT) at Outperform

After the close, Oppenheimer initiated coverage on Fitbit (NYSE: FIT) with a Outperform rating and a price target of $25.00.

Analyst Andrew Uerkwitz commented, "We are initiating coverage of Fitbit with an Outperform rating and $25 price target. Fitbit is a leader in the... More

UPDATE: Fitbit (FIT) Heart Monitoring Lawsuit Expanded to Add Six More States - Bloomberg

(Updated - February 1, 2016 1:14 PM EST)

An amended complaint against Fitbit (NYSE: FIT) added consumers in Texas, Florida, and four other states, according to Bloomberg. The original complaint filed in January by consumers in California, Wisconsin, and Colorado claimed devices are mis-recording heart rates by a very significant margin.