Fitbit (FIT): Cutting PT to $16 From $18 - Leerink

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Go back to Fitbit (FIT): Cutting PT to $16 From $18 - Leerink

Mizuho Securities Reiterates Buy on Fitbit (FIT) Following Solid 2Q Results

August 3, 2016 7:19 AM EDT

Mizuho Securities reiterated a Buy rating and $20.00 price target on Fitbit (NYSE: FIT) following the company's 2Q earnings report. FIT reported OpEPS of $0.12, slightly above the Streets $0.11 estimate. Sales grew 46.5% driven by 28% increase in devices sold to 5.7mm. FIT reiterated FY16 sales... More