FitBit Needs to Integrate More Sensors, Not Sell Watch Bands, Says Sterne Agee CRT

Tech Trader Daily
By Tiernan RayFeb 11, 2016, 3:41 pm147 pts
Shares of fitness wearable maker FitBit (FIT) are down 85 cents, or almost 6%, at $13.83, with the broader market, and the stock did receive one mixed view today, from Sterne Agee CRT’s Rob Cihra, who cites evidence of a “strong holiday season,” but also cuts his 2016 numbers, and cuts his price target…

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