Will This Coverage Initiation Affect GoPro (GPRO) Stock Today?

NEW YORK (TheStreet) -- Shares of GoPro  (GPRO) were down 1.65% to $57.78 in pre-market trading Monday despite FBN Securities' initiating coverage on the stock with an "outperform" rating and a $70 price target.

The firm said the company is a best-of-breed operator and can deliver rapid growth.

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