Turtle Beach price target raised to $12 from $9 at Wedbush

Wedbush raised the firm’s price target on Turtle Beach (TBCH) to $12 from $9 and keeps a Neutral rating on the shares. The firm notes Turtle Beach reported Q1 results roughly in line with expectations, but lowered its full-year guidance to account for reduced demand and a mild impact from tariffs. Due to ongoing uncertainty over the imposition of tariffs, Wedbush believes it is premature to upgrade Turtle Beach.