Logitech upgraded to Outperform at Wedbush on growth potential

As previously reported, Wedbush analyst Alicia Reese upgraded Logitech (LOGI) to Outperform from Neutral with a price target of $125, up from $100, after management clarified during the company’s recent investor day that it has significant organic growth runway from gaming tailwinds and expanding into new end markets. The company also noted that it plans to keep its workforce focused on pursuing that organic growth opportunity without the distraction of large-scale M&A, focusing instead on smaller tuck-ins that can accelerate category growth, the analyst tells investors.