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Fly News Breaks for December 7, 2018
LOGI, HEAR
Dec 7, 2018 | 08:39 EDT
DA Davidson analyst Tom Forte kept his Buy rating and $30 price target on Turtle Beach (HEAR), saying investors should buy the stock after the launch of the latest Fortnite season 7 yesterday. The analyst contends that Fortnite developer - Epic Games - has continued to refine the title over time, giving it "staying power" that's reflected by its 200M user milestone reached last month. Forte continues to anticipate the sustained Fortnite popularity to result in "elevated sales of gaming headsets", which should be positive news for Turtle Beach and Logitech (LOGI).
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