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Fly News Breaks for February 25, 2020
SONO
Feb 25, 2020 | 06:10 EDT
BofA analyst John Babcock initiated coverage of Sonos with a Neutral rating and $15 price target. Sonos is well positioned relative to other smart home/consumer device companies as the company has demonstrated earnings stability in the face of competition and tariffs, Babcock tells investors in a research note. However, a Neutral rating is appropriate given the balance of potential near-term pressures and valuation, adds the analyst.
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