Logitech price target lowered to $78 from $97 at Loop Capital

Loop Capital lowered the firm’s price target on Logitech (LOGI) to $78 from $97 and keeps a Hold rating on the shares after its Q1 results. The company experienced relatively stable demand despite the macro uncertainty, the analyst tells investors in a research note. Loop adds however that Logitech is implementing selective U.S. price increases from mid-April, with some products unchanged and others seeing double-digit hikes, with potential for further adjustments, and customer reaction to this is yet to be seen.