Citi raised the firm’s price target on Logitech (LOGI) to $100 from $85 and keeps a Neutral rating on the shares ahead of the earnings report on July 28. The firm sees steady demand for Logitech despite macro uncertainty. It views the stock’s risk/reward as balanced at current levels.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LOGI:
- Logitech Nominates Guy Gecht as New Chairperson
- Logitech names Guy Gecht as board chairperson
- Logitech’s $750 Million Credit Agreement: Navigating Debt Risks in a Rising Interest Rate Environment
- Logitech announces increased proposed dividend
- Logitech’s Strategic Adjustments and Macroeconomic Uncertainties Lead to Hold Rating