Citi lowered the firm’s price target on Logitech (LOGI) to $115 from $130 and keeps a Buy rating on the shares. The firm adjusted targets in the technology hardware group as part of its 2026 outlook. Citi believes hyperscaler data center spending “remains robust,” which is driving demand for power, storage, connectors, and fiber.
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Read More on LOGI:
- Logitech downgraded to Underweight from Equal Weight at Morgan Stanley
- Logitech downgraded to Equal Weight from Overweight at Barclays
- Logitech downgraded to Neutral from Outperform at BNP Paribas
- Logitech price target lowered to $107 from $108 at Morgan Stanley
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