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Fitbit (FIT) PT Lowered to $8 at Roth Capital Following 4Q

February 27, 2018 9:00 AM EST

Roth Capital lowered its price target on Fitbit (NYSE: FIT) to $8.00 (from $10.00) while maintaining a Buy rating following the company's 4Q. Fitbit reported generally in-line 4Q17 results combined with an extremely weak 1Q18 and 2018 outlook. Sales of $570.8M were down 0.5%... More