Logitech upgraded to Equal Weight from Underweight at Morgan Stanley

Morgan Stanley analyst Erik Woodring upgraded Logitech (LOGI) to Equal Weight from Underweight with a price target of $92, up from $73. The firm says the consensus long-term growth expectations for Logitech have converged closer to its numbers while the stock has de-rated. At the same time, Morgan Stanley sees improving PC and peripherals data, less than expected December quarter discounting, and spending discipline driving 3% upside to fiscal 2025 earnings estimates, the analyst tells investors in a research note.