Fitbit Diversifies its Supply Chain Outside of China

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DA Davidson Reiterates Buy Rating on Fitbit (FIT)

October 10, 2019 8:43 AM EDT

DA Davidson analyst Tom Forte reiterated a Buy rating and $5.75 price target on Fitbit (NYSE: FIT) following the company's announced plan to shift manufacturing operations out of China by January 2020. This move marks FIT as the most recent covered Consumer Technology company to move its... More