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This Piper Survey Suggests Declining GoPro Demand

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Shares of GoPro Inc GPRO gained 20 percent this week, after the company announced the appointment of Danny Coster, a former design veteran at Apple Inc. AAPL.

Piper Jaffray’s Erinn E. Murphy maintained an Underweight rating on GoPro, with a price target of $7. The analyst considers the recent share price movement as overdone.