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Fly News Breaks for May 14, 2019
SNE, SSNLF, IMMR
May 14, 2019 | 07:09 EDT
Craig-Hallum analyst Anthony Stoss raised his price target for Immersion (IMMR) to $14 from $12 after the company signed both Samsung (SSNLF) and Sony (SNE), and raised 2019 guide. The analyst thinks the company can get back to profitability in 2020 based on new deal signings and cost cuts. He reiterates a Buy rating on Immersion shares.