Barclays lowered the firm’s price target on Logitech (LOGI) to $103 from $105 and keeps an Overweight rating on the shares. The company reported a solid quarter, with healthy demand growth and margins above the long-term model, the analyst tells investors in a research note. The firm thinks the updated second half of the year guide is conservative.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LOGI:
- Logitech (NASDAQ:LOGI) is Bullish on Year-End Consumer Spending
- GE Aerospace, GM report quarterly earnings beats: Morning Buzz
- Logitech raises FY25 revenue view to $4.39B-$4.47B from $4.34B-$4.43B
- Logitech reports Q2 EPS $1.20, consensus $1.11
- Logitech options imply 6.5% move in share price post-earnings