Credit Suisse Group Trims Sonova (OTCMKTS:SONVY) Target Price to CHF 380

Sonova (OTCMKTS:SONVYGet Rating) had its price objective cut by investment analysts at Credit Suisse Group from CHF 415 to CHF 380 in a research note issued on Monday, The Fly reports.

A number of other research firms have also commented on SONVY. JPMorgan Chase & Co. dropped their price objective on Sonova from CHF 399 to CHF 346 in a report on Wednesday, May 18th. Jefferies Financial Group initiated coverage on Sonova in a research note on Thursday, April 21st. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Sonova has an average rating of “Hold” and a consensus price target of $297.25.

Shares of OTCMKTS:SONVY opened at $66.47 on Monday. The company has a 50-day moving average price of $75.31 and a 200-day moving average price of $74.50. Sonova has a 12 month low of $61.96 and a 12 month high of $87.61.

Sonova Company Profile (Get Rating)

Sonova Holding AG designs, develops, manufactures, and distributes hearing systems for adults and children with hearing impairment. It operates through two segments, Hearing Instruments and Cochlear Implants segments. The company offers wireless communication products, rechargeable hearing aids, and professional audiological care services.

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