Sonos price target raised to $17 from $15 at Craig-Hallum

Craig-Hallum analyst Alex Fuhrman raised the firm’s price target on Sonos (SONO) to $17 from $15 and keeps a Hold rating on the shares. The firm is more constructive on Sonos after the company reported better-than-expected Q1 results and guided to Q2 results that were in line with its prior estimates.