Barclays Ups FitBit To Buy; Valuation “Too Compelling To Ignore”

Tech Trader Daily
By Teresa RivasNov 30, 2015, 10:55 am135 pts
FitBit (FIT) was a winner over Black Friday weekend, according to Stifel, and it got another vote of confidence from Barclays Monday. Analyst Matthew McClintock and his team upgraded the stock to Overweight from Equal Weight, maintaining their $49 price target. He writes that the move comes as FitBit is a…

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