Agreement on tariffs with Vietnam could spark Turtle Beach rally, says Roth MKM

Roth MKM keeps a Buy rating and $26 price target on Turtle Beach (TBCH). Trump’s proposed 46% tariff on imports from Vietnam triggered a 30% slump in Turtle Beach share price last week, reflecting the company’s dependence on Vietnamese sourcing, the analyst tells investors in a research note. As of late last week however, the prospect has emerged of an agreement between the U.S. and Vietnam to delay and possibly minimize tariffs, and should such an agreement be reached, it could spark a significant rally in the shares, Roth added.