Fitbit (FIT) Misses Q4 EPS by 15c

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Oppenheimer Maintains Outperform Rating and $8 PT on Fitbit (FIT) Following Results; 'Worth a Flyer'

February 23, 2017 9:43 AM EST

Oppenheimer and Co. analyst Andrew Uerkwitz maintains Outperform rating and $8 price target on Fitbit Inc. (NYSE: FIT) to $8, noting the company has established a transition plan, but management execution remains questionable.

Uerkwitz comments, "Following Fitbit's pre-announcement of a 4Q16 worse-than-already-low expectations,... More