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Fly News Breaks for February 13, 2020
HEAR
Feb 13, 2020 | 08:47 EDT
DA Davidson analyst Tom Forte lowered his price target on Turtle Beach to $16 after its pre-announced Q4 results. The analyst notes that the revenues are seen below his projections due to the declining headset market, even though the implied 2019 figure would still mark the company's 2nd highest ever. Forte adds that the company is still progressing well despite the tough Fortnite-driven comps of last year, keeping his Buy rating on the stock.
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