Fitbit Shares Downgraded to Underperform by Pacific Crest - TheStreet

Fitbit Shares Downgraded to Underperform by Pacific Crest

Potential lack of product demand prompted an analyst to downgrade shares of Fitbit.
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Pacific Crest has downgraded Fitbit  (FIT) - Get Report  to UNDERPERFORM, saying that Charge 2 is off to a slow start. Charge 2 is the company's flagship holiday product. The analyst also noted that he believes a large number of Fitbit owners stop using their devices within a few months, and that will make growth challenge.  Fitbit's stock is down sharply this year.