Citi upgraded Logitech (LOGI) to Buy from Neutral with a price target of $130, up from $100. The firm’s channel checks indicate positive demand for videoconferencing equipment as workers return to office along with strong gaming peripherals demand. In addition, Logitech is diversifying manufacturing away from China and raised prices in April to offset tariffs, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LOGI: