Logitech price target raised to $135 from $120 at Wedbush

Wedbush analyst Alicia Reese raised the firm’s price target on Logitech (LOGI) to $135 from $120 and keeps an Outperform rating on the shares. Not only has Logitech skillfully managed the ongoing tariff changes with a steady hand, but it has also maintained focus on its core business initiatives, according to Wedbush. The firm told investors in a research note that first half results have shown Logitech’s new growth path as it regains market share in China, reaccelerates video conferencing and continues to lead in personal workspace accessories across its markets.