Fitbit, Inc. Acquires Assets from Pebble
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Mizuho Securities Remains Sidelined on Fitbit (FIT) Following Announced Acquisition and Partnership
December 7, 2016 10:46 AM ESTMizuho Securities reiterated a Neutral rating and $9.00 price target on Fitbit (NYSE: FIT) following the company's announced acquisition of specific IP and key personnel from Pebble, as well as a partnership with Metronic on Glucose Monitoring. Mizuho expects the deal with Pebble to accelerate... More
