Logitech Hosts Annual Analyst and Investor Day
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Macro headwinds for Logitech (LOGI) are priced in says analyst following investor day
March 9, 2023 1:50 PM ESTLogitech (NASDAQ: LOGI) hosted an investor day, with analysts expressing some concerns about the company's outlook.
Following the event, Citi analyst Asiya Merchant cut his price target on the stock to $60 from $70 per share.
He told investors in a research note that Logitech provided a much more bearish outlook on consumer hardware spending trends relative to some peers, with limited improvement expected from March 2023 levels, but the firm maintained its Buy rating on the stock.
"On a positive note,... More
