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Fly News Breaks for February 13, 2020
GME, HEAR
Feb 13, 2020 | 07:59 EDT
Maxim analyst Nehal Chokshi lowered his price target on Turtle Beach (HEAR) to $16 after its pre-announced Q4 sales coming in 2% below the company's initial guidance. The analyst also notes that the management's console gaming assessment was consistent with his expectations, but based on the severity of Gamestop's (GME) recent negative pre-announcement, he is widening the 2020 console headset decline estimate to down 10% from down 3%.