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Fly News Breaks for March 28, 2016
HEAR
Mar 28, 2016 | 07:38 EDT
As reported previously, Cowen downgraded Turtle Beach to Market Perform from Outperform. The firm cited company guidance and the slower than expected ramping of HyperSound, lower margins, and the loss of tax benefits dampening the firm's forecast. Cowen lowered its price target to $1.15 from $2.50 on Turtle Beach shares.
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