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Fly News Breaks for April 1, 2019
SONO
Apr 1, 2019 | 17:14 EDT
DA Davidson analyst Tom Forte initiated Sonos with a Buy rating and $20 price target. The analyst was positive on the company's "core competencies in both hardware and software," their "eye for design," and the "open-ended possibilities to advance its efforts in the connected home and audio segments." Forte also believes Sonos could expand to the automotive and portable markets in the future.
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