Fitbit: Raymond James, Morgan Stanley Defend ‘Charge 2′ Demand

Tech Trader Daily
By Tiernan RaySep 30, 2016, 8:46 pm326 pts
In response to yesterday’s downgrade of Fitbit (FIT) by Pacific Crest’s Brad Erickson, a couple of bulls on the stock Friday came to the company’s defense. Erickson had opined that inventory of the "Fitbit Charge 2,” introduced this month, may already be piling up on retailers’ shelves. Tavis McCourt…

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