Computer parts maker Logitech Q4 sales rise; first positive qtr in over 2 years
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JPMorgan Downgrades Logitech International (LOGI) to Neutral
May 1, 2024 6:11 AM EDTJPMorgan analyst Samik Chatterjee downgraded Logitech International (NASDAQ: LOGI) from Overweight to Neutral with a price target of $85.00 (from $92.00).
The analyst comments "We are downgrading shares of Logitech, even as the quarter showed continued signs of robust execution, as we believe the rebound of the product portfolio to healthy growth in the medium term will remain constrained by a challenging macro and efforts to drive growth will likely need to return to robust promotional levels. Logitechs execution in recent quarters in relation to driving the balance of both revenue and gross margin has... More
