BNP Paribas analyst Martin Jungfleisch downgraded Logitech (LOGI) to Neutral from Outperform with a price target of $106, down from $128. The firm sees higher memory prices hurting the company’s peripherals and gaming sales.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LOGI:
- Logitech price target lowered to $107 from $108 at Morgan Stanley
- From Pub Crawls to Headsets: Gen Z Men Ditch Bars for Gaming with Mates
- Logitech management to meet virtually with Oppenheimer
- Logitech Investigates Cybersecurity Incident with Expert Help
- Logitech initiated with an Outperform at Oddo BHF
