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Fly News Breaks for November 21, 2018
LOGI, HEAR
Nov 21, 2018 | 08:03 EDT
DA Davidson analyst Tom Forte kept his Buy rating and $30 price target on Turtle Beach (HEAR), saying that investors should buy the stock after the latest NPD gaming data for the month of October and tweets from an NPD analyst. Forte adds that he is also bullish on Logitech (LOGI), keeping his Buy rating and $58 price target on that stock. The analyst is citing a "record" month of October sales going back to 1995, thanks to the latest boost from gaming titles Call of Duty and Red Dead Redemption 2, both of which offer a battle royale format. Forte further notes that NPD disclosed that "sales in the headsets & headphones category doubled in the month of October", and sees the "broadening appeal for gaming, battle royale, and eSports" as positive for the two accessory companies.
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