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Fly News Breaks for October 27, 2015
HEAR
Oct 27, 2015 | 07:29 EDT
After thestreetsweeper published a negative story about Turtle Beach yesterday, Oppenheimer says most of the points in the story "were completely spurious because they were inaccurate, irrelevant, widely known or based on outdated information." The firm does not think the product recall of the company's video game headsets, which Oppenheimer identified as the only relevant point raised by the story, will significantly affect the company's financial results. It keeps a $6 price target and Outperform rating on the shares.
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