UBS upgraded Logitech (LOGI) to Buy from Neutral with a price target of CHF 80, down from CHF 88. The company will not be immune to initial tariff impacts and slowing demand, but the share price has come down already, reflecting investor uncertainties, the analyst tells investors in a research note. The firm believes Logitech’s margins and cash flows “will remain on healthy levels,” supported by pricing power in key products and optimized regional sourcing away from China. Medium-term, Logitech should benefit from structural Generation Alpha gaming trends, adds UBS.
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