Why GoPro (GPRO) Stock Is Down In Pre-Market Trading Today

NEW YORK (TheStreet) -- Shares of GoPro Inc. (GPRO) are lower by -4.13% to $54.51 in pre-market trading on Thursday, following a ratings downgrade to "neutral" from "overweight" at JPMorgan (JPM) .

The firm said it reduced its rating on the maker of wearable cameras used by extreme sports enthusiasts, based on a valuation call, as GoPro stock is up 137% from its $24 June IPO.

JPMorgan maintained its $51 price target on GoPro.

GPRO Chart GPRO data by YCharts

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