Logitech downgraded to Equal Weight from Overweight at Barclays

Barclays analyst Tim Long downgraded Logitech (LOGI) to Equal Weight from Overweight with a price target of $98, down from $134. The firm is concerned around potential macro weakness for Logitech with softening in the North America consumer market. Business-to-business remains less than 50% of the business, and inflationary pressures and “uneven” macro environment could weigh on Logitech’s upside this year, the analyst tells investors in a research note.