Stifel has decided to maintain its Hold rating of Sonos SONO and lower its price target from $24.00 to $20.00.
Shares of Sonos are trading down 23.63% over the last 24 hours, at $17.39 per share.
A move to $20.00 would account for a 15.01% increase from the current share price.
Sonos Inc is engaged in providing home sound systems. The company's product profile includes speaker sets and other accessories like boost, mounts, stands, and cables and networking. Geographically, the company operates in the Americas, Europe, the Middle East and Africa, and the Asia Pacific. Generating a majority of its revenue from the Americas.
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